UnitedHealthcare, one of the country’s largest health insurers, warned that it may leave the ObamaCare exchanges within two years. The Hill,
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…
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.
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