Senate Passes Obamacare Repeal

Senate passes Obamacare repeal

Senate passed partisan legislation to repeal major sections of President Obama’s healthcare law, advancing Republican’s long held agenda to undo Obama’s landmark achievement.

UnitedHealth’s guidance follows its recent public revelation it was suffering major losses on its ACA policies and might withdraw from the exchanges after 2016.

The company had mostly sat out from the system in 2014, and says it entered in 2015 and expanded its 2016 presence despite not yet having complete 2014 performance results on competitors.

“It was for us a bad decision,” UnitedHealth CEO Stephen Hemsley was quoted by LifeHealthPro. “I take accountability for sitting out the exchange market in year 1 so we could in theory observe, learn and see how the market experience would develop. This was a prudent going in position. In retrospect, we should have stayed out longer.”

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Recommended Reading

The Wall Street Journal: UnitedHealth Sees 2016 Revenue Slightly Below Estimates
LifeHealthPro: UnitedHealth says it should have stayed out of the PPACA exchange system longer becoming most viewed Substance Abuse sites in the nation click here and learn more.

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