Property News · April 21, 2016

UnitedHealth's Obamacare exit won't hurt system but is a PR blow, say experts


The practical impact of the US’s largest health insurer quitting insurance exchanges created by Obamacare is small, but it adds fuel for criticsUnitedHealth’s decision to drop out of the Obamacare insurance market will have a little practical impact on the system, industry analysts have said. Stephen Hemsley, UnitedHealth’s CEO, said on Tuesday that the US’s largest single insurer would be quitting most of the 34 state insurance exchanges it participated in. The company expects its participation in the exchanges, which were created as part of Barack Obama’s signature healthcare law, to cause $1bn in losses, Hemsley said. Continue reading…

Source : theguardian.com
Read more…UnitedHealth’s Obamacare exit won’t hurt system but is a PR blow, say experts

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