UnitedHealth loses $720 million offering plans under Obamacare, may withdraw next year

Washington Times ^ | January 19, 2016 | Tom Howell Jr.

[Zakeet]

The nation's largest insurer said it booked $720 million in losses last year by offering plans under Obamacare, and warned Tuesday that it might still withdraw altogether from the health law by next year.

UnitedHealth Group told investors that it expects more losses due to Obamacare in 2016, countering an otherwise upbeat earnings report for the company, and serving as a challenge to President Obama, who wants to leave the law on firmer footing.

The administration brushed off the news, saying other major insurers are sticking by the exchanges and that it is focused on the final two weeks of 2016 open enrollment.

[RipSawyer]

“But they can make up for it in volume”

Yes, yes, I learned about that long ago, if you are having to sell your melons for less than you paid for them you only need to get a bigger truck to make up the difference.

[Organic Panic]

Yes, yes, I learned about that long ago, if you are having to sell your melons for less than you paid for them you only need to get a bigger truck to make up the difference.

That's the government way.