CEO Stephen Hemsley said during the company’s earnings call Tuesday that the exchange market set up by the Affordable Care Act (ACA) has been riskier and more expensive than expected for UnitedHealth, and that the company “cannot broadly serve it on an effective and sustained basis.”
But that doesn’t mean UnitedHealth UNH 2.63% is ditching the individual exchange market altogether—and it’s not a sure signal that other large insurers will also ditch their Obamacare plans anytime soon.
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