United Healthcare to bail on Obamacare?

Quote:

UnitedHealth warns it may exit Obamacare plans Insurance giant UnitedHealth Group dealt a blow to the Affordable Care Act on Thursday when it warned that it may stop offering insurance plans to individuals through public exchanges established by the reform law. In a surprise, UnitedHealth (UNH) downgraded its earnings forecast in a sign that ACA, commonly referred to as Obamacare, is taking a toll on the company’s bottom line. People who purchase plans through the public exchanges are typically heavy users of their plans, draining insurers' profits. “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,” UnitedHealth said in a statement. ...

How long until the Government forces insurers to participate in this exactly as they demand it is?

:popcorn:

United Healthcare to bail on Obamacare?