Post by Logan on Apr 22, 2016 4:43:41 GMT -6
Nebraska is one of the states where UnitedHealth Group no longer plans to sell individual health insurance policies as part of the government marketplace created under the Affordable Care Act.
Nebraska Department of Insurance Director Bruce Ramge said Wednesday that UnitedHealth had informed the department that it no longer plans to sell individual ACA Marketplace policies. However, he said the company will continue to sell small-group and large-group policies.
UnitedHealth, which has the second-largest share of Nebraska's health insurance market after Blue Cross and Blue Shield, said Tuesday that it would pull out of the ACA market in all but a "handful of states" next year.
The publicly traded company said it lost $425 million last year on the ACA market and expects that loss to grow to $650 million this year.
Read more: journalstar.com/business/local/unitedhealth-pulling-out-of-aca-market-in-nebraska/article_b8867042-c6c6-50d4-8545-e820f4e9cbd0.html
Nebraska Department of Insurance Director Bruce Ramge said Wednesday that UnitedHealth had informed the department that it no longer plans to sell individual ACA Marketplace policies. However, he said the company will continue to sell small-group and large-group policies.
UnitedHealth, which has the second-largest share of Nebraska's health insurance market after Blue Cross and Blue Shield, said Tuesday that it would pull out of the ACA market in all but a "handful of states" next year.
The publicly traded company said it lost $425 million last year on the ACA market and expects that loss to grow to $650 million this year.
Read more: journalstar.com/business/local/unitedhealth-pulling-out-of-aca-market-in-nebraska/article_b8867042-c6c6-50d4-8545-e820f4e9cbd0.html