UnitedHealth Group, one of the largest and most established the nation's health insurers, recently announced the release in 2017 of 34 most markets of the state where they offer individual health insurance plans. 
Background
Since the Affordable Care Act ( "Obamacare") open markets in 2014, all eyes were on UnitedHealth Group when they were substantially absent new exchanges. In 2015 and 2016, however, their presence has grown as they entered exchanges in 34 states.
recent announcement of United attracted significant media attention and industry, education questions on the future of the markets and if other insurers follow suit.
to help you understand what this means for coverage and plan options in 2017, this article is divided four things to know about the planned output of UnitedHealth Group.
1. A financial decision
According to the announcement of UnitedHealth Group, the decision is financially based. UnitedHealth Group reported that it expects to lose $ 650 million in trade in 2016.
2. On average, insurance premiums will not change
According to a recent analysis Kaiser Family Foundation (KFF), the participation of UnitedHealth Group in the markets had a relatively small effect on premiums. For example, UnitedHealth Group was less likely to offer one of the lowest cost silver plan, where the majority of registered tend to register. As such, their output is not expected to have an impact largely premiums.
3. Significant impact in some rural states and South
The KFF analysis found that UnitedHealth Group was to abandon all states, 1.1 million people in the exchanges would just an option for an insurer, provided no other insurers rushed to fill the gap. The impact would be particularly important in some rural states and the South, where the competition of the insurer is currently low.
4. Other insurers may - or may not - Follow Suit
The output of UnitedHealth Group may be a sign of financial difficulties insurers face make money in the markets. At the same time, UnitedHealth Group has adopted a prudent approach, low risk for markets and other companies may - or may not - follow suit. As noted by the Department of Health and Human Services in a recent press release, the number of transmitters by the state has increased year by year, and consumers more and more diet choices, despite the abandonment of some insurers.
For a more detailed analysis, see the recent article by the Kaiser Family Foundation.
Conclusion
recent announcement of UnitedHealth Group to exit the majority of individual public health insurance market is one of the indicator insurance companies are still trying to understand how to money in the markets. For consumers who purchase coverage through the exchanges, the impact could be minimal, except for consumers in niche markets where competition from the insurer is already low.
What questions do you have about the recent announcement of United Health Group, about Obamacare in 2017? Join the discussion with a comment or question below.
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