Health Reform: ObamaCare requires people to buy insurance, but UnitedHealth Group is losing so much money it’s exiting two states, and eight co-ops are on the brink. This is your health care on government.
The good news just keeps on rolling in for ObamaCare.
A few days after the Congressional Budget Office issued a serious downgrade of the law’s future, UnitedHealth (UNH) announced it was pulling out of ObamaCare in Georgia and Arkansas. That could be the first step toward the company’s abandoning ObamaCare entirely — something the insurer had warned that it would do after posting a $720 million loss last year. Some ObamaCare boosters have dismissed this as , since UnitedHealth isn’t a big player in the individual market.