UnitedHealth Exits Most ObamaCare Exchanges, Citing Over $1 Billion In Losses

he Hill relates Obama Administration efforts to spin the UnitedHealth disaster by arguing that despite its status as the nation’s largest insurance provider, and its expansion to 34 states, it was a “fairly small player on the ObamaCare marketplaces.”

However, The Hill acknowledged that some of the much larger players, including Blue Cross Blue Shield, “have also raised the prospect of dropping off the marketplaces.”

Update: Senator Ben Sasse (R-NE) swiftly responded to the UnitedHealth announcement: “This isn’t about spreadsheets and quarterly reports – it’s about the President’s broken promise that families would have more choices under ObamaCare. This year, in 36 percent of the nation’s counties, families could pick between only one or two insurers on the exchange and, given today’s news, next year looks like it could be even worse.”

[link to www.breitbart.com]