UnitedHealthcare to exit most Obamacare exchanges

OrangeEmpire · Apr 21, 2016

http://money.cnn.com/2016/04/19/investing/unitedhealthcare-obamacare-exchanges-aca/

The health insurer had already indicated that it was dropping coverage of the plans, more commonly known as Obamacare, in Arkansas, Georgia and Michigan.
But during a conference call with analysts Tuesday, CEO Stephen Hemsley noted that "next year we will remain in only a handful of states."
Hemsley explained that UnitedHealth will leave most states by 2017 because the markets for these exchanges are relatively small and also have higher risks for the company over the short-term.
As such, he said UnitedHealth (UNH) could not serve these exchanges on an "effective and sustained basis."
It shouldn't come as a huge surprise. UnitedHealth had previously said that it lost $475 million on the ACA exchanges last year and could lose another $500 million this year.
But Hemsley said that the company will "continue to remain an advocate for more stable and sustainable approaches to serving this market and those who rely on it for their care."
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kmf600 · Apr 21, 2016

Prices are dropping by the second.

y2korth · Apr 21, 2016

OrangeEmpire said: ↑

http://money.cnn.com/2016/04/19/investing/unitedhealthcare-obamacare-exchanges-aca/
Click to expand...

Any word on tennessee?

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UnitedHealthcare to exit most Obamacare exchanges

OrangeEmpire Take a chance, Custer did

kmf600 Energy vampire

y2korth Contributor

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UnitedHealthcare to exit most Obamacare exchanges

OrangeEmpire Take a chance, Custer did

kmf600 Energy vampire

y2korth Contributor

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