When UnitedHealth Group, the company that owns major insurer UnitedHealthcare, said Thursday it was considering pulling out of Affordable Care Act exchanges in 2017, it cited "a continuing deterioration in individual exchange-compliant product performance" and a loss of $425 million from plans it had sold through those health insurance marketplaces. “We cannot sustain these losses,” CEO Stephen Hemsley said on an investor call.
Since the warning emerged, much attention has focused upon the challenges posed by an ever fluctuating healthcare landscape and the flaws of the Affordable Care Act. Yet in 2014, Hemsley took home more than $66 million in total compensation, and pay for healthcare executives has steadily risen in re...
Also read: UnitedHealth Names David Wichmann as New CEO