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In a large saucepan, combine the potatoes, water, carrots, onion, salt, and pepper. Bring to a boil.
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Reduce the heat, cover, and simmer for about 25 minutes, or until the vegetables are tender.
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Stir in the remaining ingredients. Cover and simmer for an additional 30 minutes, stirring occasionally, until heated through.
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Remove and discard the bay leaves before serving.