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.
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