![]() We will expand to 11 new markets in 2016, and we continue to expect exchanges to develop and mature over time into a strong viable growth market for us. ![]() Rather than wait for our own experience with our new members to fully developed, we increased rates and repositioned certain products market by market for 2016, and we expect improved performance next year. Like others we observe market-wide data this past spring that suggested the risk pool served by public exchanges would require more medical services than original expectations. The annual care ratio is being modestly affected by the performance of our new public exchange benefit programs which now served nearly 550,000 people. According to Dave Wichmann, president and CFO, on October 15: It was just a month ago that the company had said in an earnings call that they expected to expand their Obamacare coverage in 2017. This was a sudden turnabout for the company. UnitedHealth Group, the country’s largest health insurer, announced on Thursday that it was expecting to lose $600 million on Obamacare policies in 2016 from the health insurance exchange websites, and may terminate its Obamacare business by 2017. UnitedHealth warns of end to its Obamacare businessĪn Obamacare promotional banner from happier days (Teneshia LaFaye) New York Times: Obamacare’s high deductibles make insurance all but useless.Obamacare versus Nixon’s price controls.UnitedHealth warns of end to its Obamacare business.
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