12/7/2023 0 Comments Unite health ceo on obamacareIt’s total spin and unanchored in reality.”Ī company spokesman declined to comment on Lee’s criticism, and referred to UnitedHealth’s previous statements on the exchange business.ĭuring a Nov. It can be republished for free ( details).īut now, he said, the company is “driving me bonkers” because it has “fed this political frenzy that Obamacare doesn’t work. He knocked the company for sitting out the launch of Obamacare in 2014, then welcomed UnitedHealth into Covered California for 2016. Lee, a staunch defender of the health law and a former official in the Obama administration, has tangled with UnitedHealth in the past. “It was giving an excuse to Wall Street and throwing the Affordable Care Act under the bus.” “Instead of saying we screwed up, they said Obamacare is the problem and we may not play any more,” Lee said in an interview with California Healthline. The company estimates a similar exchange-related loss of $500 million for this year. made a series of blunders on rates and networks that led to a $475 million loss last year on individual policies across the country. In a blistering critique, Covered California’s executive director, Peter Lee, said UnitedHealth Group Inc. ![]() Amid growing questions over the future of insurance exchanges, the head of California’s marketplace said the nation’s largest health insurer should take responsibility for nearly $1 billion in losses and stop blaming the federal health law.
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