UnitedHealth Group Inc's chief executive officer on Tuesday defended the company's possibly exiting the Obamacare health insurance exchanges in 2017, citing losses on health plans it said were designed to succeed.
CEO Stephen Hemsley said that the health insurer had kept costs down by selling plans with small doctor networks, and that it had priced them competitively. The company signed up members with better health than the overall exchange population, but it still lost money, he said.
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