UnitedHealth Group CEO Stephen Hemsley has announced that the company will drop out of most Affordable Care Act exchanges for the 2017 plan year. But the company also said that it won’t exit the exchanges completely and will sell individual plans in a “handful” of states.
“‘We cannot broadly serve it on an effective and sustained basis,’ Hemsley told analysts and investors on a conference call. UnitedHealth has fully or partially exited five states so far—Arkansas, Georgia, Louisiana, Michigan and Oklahoma, according to various news reports.
“The company sold plans in 34 states for this policy year and did not disclose which states it will stay in.” -Modern Healthcare