UnitedHealth Group May Leave ObamaCare exchanges

[TechMan]

http://www.foxnews.com/politics/2015/11/19/obama-scare-biggest-us-health-insurer-might-leave-exchanges/?intcmp=hpbt2

UnitedHealth Group raised the alarm in an earnings update Thursday morning, with CEO Stephen J. Hemsley warning of dimming conditions in the market.

He pointed to lower enrollment forecasts and a concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers.

“In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated,” he said in a statement.

As the company cut its earnings outlook, it also announced it was pulling back on marketing for the ObamaCare exchanges in 2016 and said it would make a decision on the exchanges in the middle of next year.

More at the link above.

[Angel Eyes]

If you listen carefully, you can hear the sound of roosting chickens.

[dogmush]

Does that mean my premiums will be returning to pre-exchange levels?

Also:
I'm pretty sure that

concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers.

was the whole point of the exchanges.

[TommyGunn]

Haven't some of these exchanges gone belly-up from financial anemia?
Is this going to become a pattern?
Fun times ahead..........

[Scout26]

Yep, sick people are signing up in droves.  Healthy people are looking at the prices and the coverage and saying "Oh hell no..." and paying the penalty instead, which doesn't help the exchanges.

Of which, I think I heard that 18 have or will be shutting down soon.

[Ben]

Yep, sick people are signing up in droves.  Healthy people are looking at the prices and the coverage and saying "Oh hell no..." and paying the penalty instead, which doesn't help the exchanges.

Or like me, signing up via a private service so the exchange doesn't get their money. The crappy Anthem plan I'm going to get in JAN is the same plan and price as on the CA exchange (with no subsidies), but getting it through ehealthinsurance means they can't count me on the exchange roll. :)