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UnitedHealth Group has been saying for months that it may opt to not participate in insurance exchange programs set up under the Affordable Care Act (ACA, or “Obamacare”). Apparently it was no idle threat, as the biggest insurer in the country says it will not sell plans in Arkansas or Georgia next year. The company has said the ACA plans are not profitable enough to justify their participation. UnitedHealth and Aetna both saw losses on ACA-related policies last year. UnitedHealth has not said yet whether it will stop participating in other states’ plans.
UnitedHealth Starts Making Good on Threats to Leave ACA Programs