The country's greatest healthcare company is getting out of the Obamacare business.
United Healthcare, which presently covers the most Americans in the US (pending the proposed Anthem-Cigna merger), stated that in its quarterly earnings release on the day of Tuesday that it is removing its offerings from almost all Affordable Care Act exchanges by the year 2017.
"The smaller overall market size and shorter-term higher risk profile within this market segment sustain to suggest we can’t broadly serve it on an effective and sustained basis," claimed CEO Stephen Hemsley in the company's quarterly earnings conference call.
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