I came across this great industry article in my inbox this morning and just had to share. Alson Martin does a great job of reviewing the latest news that United Healthcare has started to put it out there they would be leaving the health insurance marketplace due to the shortfalls in earnings on the PPACA exchanges. Take a look at the article and come to your own conclusions:
On November 19, 2015, UnitedHealth, in a conference call for investors, announced it may abandon the law’s insurance exchange marketplaces in 2017 after suffering $425 million in losses on these policies.
UnitedHealth sells policies on about half of the PPACA exchanges.
UnitedHealth’s departure would not be devastating, as it insures about 5 percent of the roughly 10 million Americans with exchange marketplace plans. Read the rest of the article here: http://bit.ly/1QmTxdP