The projected loss reflects about 3 percent of UnitedHealth’s total 2016 premium revenues.
In 2016, the payer offered on-exchange health plans in 34 states. To limit its financial exposure in 2017, the insurer exited all but three states’ ACA exchanges.
While UnitedHealth left the exchanges after losing nearly $1 billion on its individual, on-exchange plans, the payer said proposed changes to the ACA “could materially impact our operating results, requir[ing] us to revise the ways in which we conduct business or put us at risk for loss of business,” according to the filing.
More articles on payer issues:
Centene Q4 revenue soars 89%, boosted by Health Net purchase
BCBS of Tennessee is state’s fastest growing Medicare Advantage carrier
5 questions with ACHP CEO Ceci Connolly on payer trends, payer-provider joint ventures and ‘no-regrets moves’
