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http://www.unitedhealthgroup.c...ngsUpdate.ashx?la=en

 

Major insurer may leave ObamaCare

One of the country’s largest health insurers warned Thursday that it may leave the ObamaCare exchanges within two years, delivering a shock announcement that could ripple through the marketplace.

 

At a shareholder meeting Thursday, UnitedHealthcare cast doubt on its ability to carry plans on the healthcare law’s exchanges beyond 2016, offering a more grim financial outlook than it had previously expected.

 

“In recent weeks, growth expectations for individual exchange participation have tempered industrywide," said Stephen Hemsley, the company's CEO. 

 

"Co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated, so we are taking this proactive step,” he said.

 

The company's statement said it will be “evaluating the viability of the insurance exchange product segment and will determine during the first half of 2016 to what extent it can continue to serve the public exchange markets in 2017.”

 

It also projected that its fourth-quarter revenue will be $425 million less than expected — amounting to 26 cents in earnings per share.

 

The company also announced it has “pulled back” on marketing plans for 2016.

 

http://thehill.com/policy/heal...-obamacare-exchanges

 

I believe the insurance industry's slush funds are drying up, so expect rats to behave like rats when the ship is sinking.

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I'm thinking obum surpassed himself seven or eight times since 2010.

The entire rainbow house knows nothing about insurance of any type.

The reason the Fed hasn't taken it over is because they knew how

difficult it would be even though, by law they could've years ago. None

in the passed were stupid enough to attempt it.

 

obumer is just a knee jerk, jerk with someone else's money ramping up

his muslim ideas in the name of Christianity and he's about as believable

as anyone in the thug pen of felons.

  

Other companies may also abandon ship:

 

(Bloomberg) -- The fate of Barack Obama’s signature health- care law may depend on how long Anthem Inc. and Aetna Inc. are willing to wait before starting to make money off it.

 

The two insurers are on the hot seat now that UnitedHealth Group Inc. appears unlikely to linger as a seller on the Affordable Care Act’s government-run markets. UnitedHealth, the U.S.’s largest health insurer, said Thursday that if it can’t turn a profit, in 2017 it may quit the health plan marketplaces where millions of Americans buy coverage.

 

While UnitedHealth has a small share of that market, Anthem and Aetna are two of the biggest players. Like UnitedHealth, neither has had financial success there -- Aetna has said it’s losing money, while Anthem is making less than it would like. They’re both working to widen profit margins and have said their strategy is based on the expectation that covering people under the law will become more profitable.

 

http://www.msn.com/en-us/money...enjc?ocid=spartandhp

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