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Nation's largest insurer may exit Obamacare due to losses

Grim17

Grim17

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Look's like the Obamacare train wreck keeps getting worse.


[h=1]Nation's largest insurer may exit Obamacare due to losses[/h]
UnitedHealth Group, the largest insurance company in the U.S., on Thursday slashed its earnings outlook, citing new problems related to Obamacare, and told investors it may exit the program's exchanges.


"In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated," Stephen J. Hemsley, chief executive officer of UnitedHealth Group, explained in a press release.


The release added that, "UnitedHealthcare has pulled back on its marketing efforts for individual exchange products in 2016. The company is 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."

Nation's largest insurer may exit Obamacare due to losses | Washington Examiner
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Grim17 said:
Look's like the Obamacare train wreck keeps getting worse.




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Naw. They're doing it because they don't like Obama.
 
Grim17 said:
The nations largest insurer is racist... That must be it.
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Hateful people. They should be forced to do his bidding! Racist nasties!
 
joG said:
Hateful people. They should be forced to do his bidding! Racist nasties!
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how dare they do that. they should go out of business
 
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