Insurers may prove choosy with overhaul exchanges - KTTC Rochester, Austin, Mason City News, Weather and Sports

Insurers may prove choosy with overhaul exchanges

Posted:

By TOM MURPHY

AP Business Writer

UnitedHealth CEO Stephen Hemsley is warning analysts not to assume that the insurer will participate widely in a key health care overhaul coverage expansion that unfolds later this year.

State-based exchanges will debut this fall and allow people to sign up for coverage online, with some using income-based tax credits to help pay the bill. Hemsley says UnitedHealth may participate in as few as 10 exchanges when as many as 100 might be set up.

He says whether the insurer participates will depend on if the exchanges are fair and provide a reasonable financial return.

Analysts say it's too early to determine whether some exchanges will wind up thin on competition. Competition on exchanges is intended to keep prices in check.

UnitedHealth is the nation's largest health insurer.

Powered by WorldNow
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.