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Thursday April 17th 2014

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Major Providers “Sitting Out” Obamacare

MissingProvidersAll eyes are focused on California, which offers quite the blend of individual and commercial customers, as well as a number of soon-to-be Medicaid participants under the PPACA’s Medicaid expansion. California has revealed the 13 contract winners who will be participating in its insurance exchange in the coming months. Notably missing from the list were UnitedHealth Group, CIGNA, and Aetna, which all kindly bowed out of being included into California’s health insurance exchange. When questioned about their decline in participation, UnitedHealth stated, “We are simply taking the time to carefully evaluate and better understand how the exchanges will work to ensure we are best prepared to participate meaningfully in their development,” according to a recent report at www.catholiconline.com