Tag: UnitedHealth

UnitedHealth is abandoning health insurance exchanges throughout the US

Logan B.
online health insurance technology exchange

UnitedHealth sees major losses through participation in insurance exchanges UnitedHealth, the largest health insurance provider in the United States, has been suffering major losses by participating in insurance exchanges. These losses are also due to the provisions of the Affordable Care Act, which has pushed the insurer from exiting from exchanges entirely. Last month, the insurer has sounded somewhat optimistic concerning its performance in the exchanges, but now sees these marketplaces as a detriment to its business. Insurers are beginning to express doubts that exchanges are viable In the early…

Read More

Health insurance rates could spike in small states

Nordstrom
health insurance costs subsidies

Baby boomers relying more heavily on medical care could lead to a surge in spending Baby boomers are entering their “golden years” and this may have a significant impact on health insurance premiums for everyone else. An estimated 76 million people from the baby boomers generation are expected to create a surge in spending on prescription medications, health care, and hospice car. This may become a major financial issue for insurance companies, with insurers like UnitedHealth and WellPoint seeing few other options than raising rates. For some states, premiums may…

Read More

Health insurance provider has big plans for exchanges in 2015

S.Vagus
unitedhealth health insurance company

UnitedHealth Group plans to participate in more exchanges next year UnitedHealth Group, the largest provider of health insurance in the U.S., will be playing a much larger role in the country’s insurance exchanges. The insurer had initially been wary of the exchanges, unsure whether or not these digital marketplaces would find any traction with consumers. While exchanges had a turbulent launch, they managed to capture a massive portion of the insurance market, proving that they can be valuable platforms for companies like UnitedHealth. Insurers to offer policies in 24 insurance…

Read More

Insurance company sues California commissioner

G. Turner
unitedhealth health insurance company

UnitedHealth Group has now filed a lawsuit with the intention of blocking a fine of $173 million. In order to try to stop itself from having to pay a $173.6 million fine as a result of an acquisition that went awry, the UnitedHealth Group insurance company has now sued the California insurance commissioner. The filing of the lawsuit was at the Orange County Superior Court near the end of last week. According to the insurance company, which is headquartered in Minnesota, the California commissioner, Dave Jones, is doing little more…

Read More

Three large insurers opt out of California health insurance exchange

Marc
Health Insurance company merger Aetna

Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…

Read More