UnitedHealth Lowers Forecast, Blaming Affordable Care Act

November 20, 2015 12:20 AM

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UnitedHealth Lowers Forecast, Blaming Affordable Care Act

UnitedHealth Group, one of the nation’s largest health insurance companies, told investors Thursday morning that it was significantly lowering its profit estimates and blamed an expected loss of hundreds of millions of dollars selling individual policies under the federal health care law.

In light of the losses, the company warned that it was also weighing whether it would continue to offer individual coverage through the online exchanges for 2017.

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