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<blockquote data-quote="Babagounj" data-source="post: 2016764" data-attributes="member: 12952"><p><a href="http://www.breitbart.com/big-government/2016/01/19/unitedhealth-to-lose-nearly-1-billion-on-obamacare/" target="_blank">http://www.breitbart.com/big-government/2016/01/19/unitedhealth-to-lose-nearly-1-billion-on-obamacare/</a></p><p></p><p>The insurer blamed the large losses on two primary problems with Obamacare. First, those signing up for plans tend to be older and sicker than expected. That problem <a href="http://www.benefitspro.com/2015/12/23/the-best-argument-against-ppaca-just-got-weaker" target="_blank">seems to be</a> diminishing as a slightly younger mix of people enroll for 2016, but it’s obviously not enough to lead UnitedHealth to think it will come close to breaking even.</p><p></p><p>The second problem cited by UnitedHealth is the large number of customers signing up outside the normal open enrollment period under hardship exemptions. Since no one can be turned away, some individuals are waiting to sign up until they become ill, getting treatment and then dropping coverage a few months later. The result is a large bill for services sent to the insurer who has collected very little in the way of premiums.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 2016764, member: 12952"] [URL]http://www.breitbart.com/big-government/2016/01/19/unitedhealth-to-lose-nearly-1-billion-on-obamacare/[/URL] The insurer blamed the large losses on two primary problems with Obamacare. First, those signing up for plans tend to be older and sicker than expected. That problem [URL='http://www.benefitspro.com/2015/12/23/the-best-argument-against-ppaca-just-got-weaker']seems to be[/URL] diminishing as a slightly younger mix of people enroll for 2016, but it’s obviously not enough to lead UnitedHealth to think it will come close to breaking even. The second problem cited by UnitedHealth is the large number of customers signing up outside the normal open enrollment period under hardship exemptions. Since no one can be turned away, some individuals are waiting to sign up until they become ill, getting treatment and then dropping coverage a few months later. The result is a large bill for services sent to the insurer who has collected very little in the way of premiums. [/QUOTE]
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