UnitedHealth Group said on Thursday that it’s taken major losses on policies sold on the Obamacare exchanges and will consider withdrawing from them in 2017, adding to questions about the future of the marketplaces at the heart of the Obama administration’s signature health care law.
The exchanges aren’t on the verge of collapse, says The Associated Press.
Insurers are struggling to attract enough healthy customers to their still-new exchange coverage to balance sicker patients who signed up for coverage faster because they use a lot of health care. Until that happens, the exchanges won't be a viable, long-term market for these companies, Morningstar analyst Vishnu Lekraj says.
"The market still needs to mature," he says. “That's the lesson here."