19 July 2016
UnitedHealth Losses Under ObamaCare Accelerate
Earlier, UnitedHealthcare, the nation's largest health insurer, announced that it was leaving most of the 30 ObamaCare markets due to losses. Its earlier loss estimate was $600 million, but it has just upped that estimate to $800 million. It has insured 800,000 enrollees under ObamaCare, so it is losing $1000 per enrollee due to their rapidly rising health care costs.
It is quite understandable that one would not want enrollees one loses an average of $1000 apiece on. That is not a business to be in. There is definitely a sustainability problem here.
It is quite understandable that one would not want enrollees one loses an average of $1000 apiece on. That is not a business to be in. There is definitely a sustainability problem here.
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