BREAKING: Major Announcement About Obamacare

by Sierra Marlee | April 14, 2016 3:31 pm

If you live in Arkansas or Georgia,[1] you will want to listen up! One of the largest healthcare insurers has pulled out of the Obamacare market in these states!

4052244_f496[2]

From Conservative Tribune:

One of the country’s largest health care insurers has announced plans to pull out of two state Obamacare markets.

State insurance regulators said in a statement that UnitedHealth will not sell plans for next year to individuals in Arkansas or Georgia according to The Washington Post[3].

Insurance providers have faced difficulties making profits in the markets established by President Barack Obama’s Affordable Care Act[4] due to that fact that it cost significantly more[5] to care for individuals than the companies anticipated.

UnitedHealth is hoping that by pulling out of the two states, it will see a boost in profits next year, Leerink Partners analyst Ana Gupte said Friday in a statement.

“Exits from unprofitable markets will act as a tailwind to earnings,” she wrote. “We have more conviction in our view that there is upside” to UnitedHealth’s earnings estimates.

Tyler Mason, a UnitedHealth spokesman, would not say whether the company would drop out of additional states.

Is this a good idea?

Endnotes:
  1. Arkansas or Georgia,: http://conservativetribune.com/health-insurer-about-obamacare/
  2. [Image]: https://rightwingnews.com/wp-content/uploads/2016/04/4052244_f496.jpg
  3. The Washington Post: https://www.washingtonpost.com/business/economy/unitedhealth-says-it-plans-to-leave-aca-markets-in-georgia-and-arkansas/2016/04/09/39c10816-fe9c-11e5-886f-a037dba38301_story.html
  4. Affordable Care Act: http://conservativetribune.com/obamacare-destroyed-video/
  5. it cost significantly more: http://conservativetribune.com/u-s-senate-finally-obamacare/

Source URL: https://rightwingnews.com/top-news/breaking-major-announcement-obamacare/