TruthRevolt: UnitedHealth Group, the nation’s largest insurer, is reconsidering its participation in the Obamacare exchanges after reporting near billion losses.
According to figures published at Fortune, UnitedHealth will lose $100 million dollars more than it projected in its financial forecasts for the 2016 Affordable Care Act enrollment numbers. Previous estimates were in the $400 million range, now rising past $500 million.
What’s worse, last year, the company reported $720 million in losses thanks to Obamacare and that number is expected to soar past $745 million in the next year. more