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The Editors

What UnitedHealth Doesn't Mean for Obamacare

The company doesn't need the exchanges. Luckily, the exchanges don't need UnitedHealth.
There are other booths.

There are other booths.

Photographer: Michael Nagle/Bloomberg

UnitedHealth Group, the country's largest health insurer, says it might stop selling plans on state insurance exchanges, citing higher-than-expected costs.

This news would be mostly unremarkable except for the fact that those state exchanges are part of Obamacare, and it doesn't take much to get people hyperventilating about the imminent death of Obamacare and speculating about its ramifications for the 2016 presidential campaign. Sorry to disappoint, but UnitedHealth's decision -- which is tentative -- doesn't mean much. The company covers less than 6 percent of the exchange population; if it does pull out, those people will be able to get other coverage.