Pursuits
UnitedHealth to Exit Obamacare in 22 States to Stem Losses
- Massachusetts, South Carolina, Florida, Arizona affected
- Insurer expects about $650 million of Obamacare losses
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UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 22 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that has brought coverage to millions of people.
UnitedHealth hasn’t listed the markets it’s leaving, and confirmations of the withdrawals have been trickling in from regulators in the 34 states where the company sold plans for this year. Florida, Kansas and Massachusetts said Wednesday that the insurer will leave their exchanges for 2017, joining states including Texas, North Carolina and Maryland (see table below).