UnitedHealth drops bombshell, may quit Obamacare

Nov. 20, 2015 3:18 AM ETUnitedHealth Group Incorporated (UNH)UNHBy: Yoel Minkoff, SA News Editor21 Comments
  • UnitedHealth Group (NYSE:UNH), the nation's largest health insurer, is warning that it may pull out of the Obamacare exchanges after 2016 due to poor financial performance.
  • The possible move raises new questions about the viability of President Obama's signature health law and follows the departure of more than half of the non-profit insurance cooperatives this year.
  • "If they can't make money on the exchanges, it seems it would be hard for anyone," said Katherine Hempstead, who heads the insurance coverage team at the Robert Wood Johnson Foundation.
  • Previously: Softness in Affordable Care Act sign-ups sinks insurers and managed health firms (Nov. 19 2015)
  • Previously: UnitedHealth Group down 6% on lowered guidance (Nov. 19 2015)

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