UnitedHealth CEO voices regrets over ACA exchange expansion — 4 takeaways

UnitedHealth CEO Stephen Hemsley said the payer made a poor decision by jumping into the ACA’s public insurance exchanges, according to CBS Minnesota.

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Here are four takeaways:

1. In 2014, UnitedHealth only sold coverage on four exchanges.

2. The payer is still deliberating whether it will sell coverage on the exchanges for 2017.

3. Mr. Hemsley told investors the insurer’s decision to pull back from the ACA is not permanent.

4. UnitedHealth expects to lose as much as $500 million on ACA plans in 2016. Click here to learn more. 

Learn more about the value of outsourcing revenue cycle management — Click here! 

More articles on coding & billing:
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Healthcare consumers receive $2.4B+ in premiums rebates, CMS reports — 4 key notes

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