UnitedHealth Group to exit Obamacare exchanges in all but a ‘handful’ of states

April 19, 2016 1:48 PM

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UnitedHealth Group to exit Obamacare exchanges in all but a ‘handful’ of states

UnitedHealth Group, the nation's largest health insurer, said that in 2017 it will exit most of the 34 states where it offers plans on the Affordable Care Act insurance exchanges in an earnings call.

"We will be down to a handful of states that we will be actively participating in the exchanges," said Stephen J. Hemsley, chief executive officer of UnitedHealth Group, noting that the small market size and higher risk profile of doing business in the exchanges led the insurer to make the decision.

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