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Press ignores major insurer’s exit from Obamacare

By Becket Adams
Published April 20, 2016 7:16pm ET
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Press ignores major insurer’s exit from Obamacare
UnitedHealth, which had plans in 34 states, lost a reported $425 million last year due to its involvement in the Obamacare market, and the company projected an estimated loss of $650 million for 2016. (Mike Bradley/Bloomberg) | Mike Bradley

America’s largest health insurer announced Tuesday it is exiting the Obamacare market, and neither ABC nor NBC News made a single mention of the major development on their evening newscasts.

“Next year we will only remain in a handful of states,” UnitedHealth CEO Stephen Hemsley said this week, citing profit losses as the reason for the planned exodus.

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