Health insurance giant UnitedHealth Group’s first-quarter revenue exceeded forecasts after the company scaled back its participation in the Obamacare exchanges, according to the company’s earnings report released Tuesday.
The company’s first quarter revenues of $48.7 billion grew 9.4 percent, or $4.2 billion year-over-year. That increase came despite the loss of customers in the exchanges, which contributed to $1.6 billion in lost revenues.
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