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UnitedHealth Says It Should Have Avoided Obamacare Longer

  • `It was for us a bad decision,' Hemsley tells investors
  • Company projects other businesses will grow next year
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UnitedHealth Group May Leave Obamacare, What's Next?

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UnitedHealth Group Inc. should have stayed out of Obamacare’s new individual markets longer, the chief executive officer of the biggest U.S. health insurer said Tuesday, after announcing last month that it will take hundreds of millions of dollars in losses related to the business.

While the company’s other lines of business are growing, instead of expanding into Obamacare next year, the company should have kept waiting, UnitedHealth CEO Stephen Hemsley said at an investor meeting in New York.