Monday, July 25, 2016

Humana and UHC Running from Obamacare Exchanges

  • Humana, one of the nation’s top health insurers, is pulling out of ObamaCare plans in all but a handful of states after a year of nearly $1 billion in losses.
  • UnitedHealth Group, announced earlier this year that it would be pulling out of most ObamaCare marketplaces, citing its own financial losses. 
  • In an earnings report released Thursday, Humana underscored the sharp declines in healthcare premiums from the exchanges. It expects to pull in between $750 million and $1 billion in premiums this year, compared to $3.4 billion projected over the last year.
Full story from the Hill.