UnitedHealth Group’s announcement Tuesday that it would significantly pare back its Obamacare business reinforced growing concerns about the long-term viability of the health care marketplaces heading into a presidential election in which the law is once again a contentious issue.
The nation’s largest insurer, which sold health plans in 34 state exchanges this year, announced Tuesday morning it will pull out of most Obamacare marketplaces in 2017 because of anticipated losses of $650 million on its exchange business this year.
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