UnitedHealth insurance reevaluating Affordable Care Act participation

UnitedHealth’s (UNH) announcement Thursday to reevaluate its participation in the Affordable Care Act’s insurance marketplace sparked fear for investors in the health-care sector, and ignited a conversation about the future of the exchanges.

UnitedHealth CEO Stephen Hemsley said on a call with analysts that the marketplace performance expectations have declined after the company saw more individuals coming into and out of the system to use medical services, declining performance in sponsored health cooperatives, and lower expectations for new growth.

“Although, we are disappointed with these developments and our own performance in these exchange products, we are pleased with the continued advances in performance and the strong outlook across the rest of our diversified healthcare benefits and services businesses,” he said.

Hemsley added that the company will make a final decision about its participation in 2017 with the exchanges in the first half of next year, though he noted that at this point, marketing and commissions in most of the company’s markets will be reduced or suspended.

Click here to read more from foxbusiness.com

Up Next:


Up Next

  • UnitedHealth insurance reevaluating Affordable Care Act participation
  • Goodwin Fire burns over 1,000 acres, forces residents to evacuate
  • Police: Presumed kidnapper was actually helping lost child
  • Budget office: Senate health bill adds 22 million uninsured
  • Mini SNES Classic launches in September for $80
  • Super Nintendo Classic Edition coming in September
  • Collin County Sheriff's Office issues warning about new Snapchat feature
  • San Francisco man dies trying to save daughter from drowning
  • Tourists brutally attacked, robbed in New Orleans
  • Suspect hands 'Get out of jail free' Monopoly card to deputy