UnitedHealth Group Inc raised new questions about the viability of Obamacare on Thursday, saying that in 2017 it might stop selling individual plans on the insurance exchanges created under U.S. President Barack Obama's healthcare law.
The largest U.S. health insurer cited weak enrollment and high medical costs for people who did sign up. Rivals Aetna Inc and Anthem Inc said last month that they were seeing too few people enroll but have not signaled they would exit the business.
"We cannot sustain these losses," UnitedHealth Chief Executive Stephen Hemsley said during a conference call with investors. "We can't really subsidize a marketplace that doesn't appear at the moment to be sustaining itself." Read more at Yahoo....
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