Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

UnitedHealth Group CEO takes blame for exchange push


UnitedHealth Group chief executive Stephen Hemsley said Tuesday his company shouldn’t have expanded so quickly on government-run health insurance exchanges, saying the new marketplaces are costing the insurer money and still need time to develop.

At an investors meeting in New York, Hemsley added more detail on why the nation’s largest insurer has soured on the exchanges, which were launched two years ago under the federal Affordable Care Act.


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