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One Week Ahead Of Its Primary, California Is The Most Recent Victim Of ObamaCare

- June 1, 2016

as california faces premium increases and the withdrawal of unitedhealth from its obamacare exchanges, CLINTON CONTINUES TO CLAIM CREDIT FOR OBAMACARE POLICIES ON THE CAMPAIGN TRAIL

UnitedHealth Announced That It Will Exit The California ObamaCare Exchanges Next Year, The Most Recent In A Long Series Of States It Has Withdrawn From In The Past Few Weeks

Yesterday, UnitedHealth Group Announced It Will Exit California's ObamaCare Exchange. "UnitedHealth Group is leaving California's insurance exchange at the end of this year, state officials confirmed Tuesday." (Chad Terhune, "UnitedHealth To Exit California's ObamaCare Market," CNN, 5/31/16)

  • UnitedHealth, The Largest Health Insurer In The U.S., Is Dropping Out Of A Majority Of The 34 Health Exchanges It Participated In This Year. "The nation's largest health insurer announced in April it was dropping out of all but a handful of 34 health insurance marketplaces it participated in. But the company had not discussed its plans in California." (Chad Terhune, "UnitedHealth To Exit California's ObamaCare Market," CNN, 5/31/16)

UnitedHealth's Withdrawal From California Will Also Affect Individual Policies Sold Outside Of The Covered California Exchange. " UnitedHealth's pullout also affects individual policies sold outside the Covered California exchange, which will remain in effect until the end of December." (Chad Terhune, "UnitedHealth To Exit California's ObamaCare Market," CNN, 5/31/16)

  • UnitedHealth Had 1,200 Enrollees Under The California Exchange And An Unknown Number Of Individual Policyholders That Will Be Impacted. "UnitedHealth (UNH) just joined the California exchange this year, and it only had about 1,200 enrollees so the immediate impact on overall coverage numbers is minimal. The number of individual policyholders outside the state exchange wasn't immediately known." (Chad Terhune, "UnitedHealth To Exit California's ObamaCare Market," CNN, 5/31/16)

"UnitedHealth's Chief Executive Stephen Hempsley Said The Company Was Unwilling To Keep Losing Money On The Exchange Business Overall." "Representatives of UnitedHealth didn't immediately respond to a request for comment Tuesday. In April, UnitedHealth's Chief Executive Stephen Hemsley said the company was unwilling to keep losing money on the exchange business overall. 'The smaller overall market size and shorter term, higher-risk profile within this market segment continue to suggest we cannot broadly serve it on an effective and sustained basis,' Hemsley said in a conference call with investors in April." (Chad Terhune, "UnitedHealth To Exit California's ObamaCare Market," CNN, 5/31/16)

Californians Are Also Bracing For Higher ObamaCare Premiums, With The Average Rate Expected To Rise 8 Percent Next Year

"California's Health Insurance Exchange Estimates That Its Obamacare Premiums May Rise 8 Percent On Average Next Year." "California's health insurance exchange estimates that its Obamacare premiums may rise 8% on average next year, which would end two consecutive years of more modest 4% increases." (Chad Therhune, "Obamacare Premiums In California May Rise 8% Next Year," CNN, 5/12/16)

  • California's Rollout Of The Health care Law Has Been Closely Monitored As An Indicator Of Nationwide Trends. "Any increases in California, a closely watched state in the health law rollout, are sure to draw intense scrutiny during a presidential election." (Chad Therhune, "Obamacare Premiums In California May Rise 8% Next Year," CNN, 5/12/16)

As Rates Rise, Healthcare Costs Continue To Top U.S. Families' Financial Concerns

Healthcare Costs Top American Families' List Of Financial Concerns. "Fifteen percent of Americans cite healthcare costs as the most important financial problem facing their family. In addition to healthcare costs, Americans also point to low wages, debt, college expenses and housing costs as pressing financial concerns for their family. About one in 10 Americans say their family faces no financial problems." (Zac Auter, "Healthcare Costs Top U.S. Families' Financial Concerns," Gallup, 4/27/16)

  • Gallup: 15 Percent Of Americans Say Health Care Costs Are Their Greatest Financial Concern. (Gallup News, Twitter Feed, 4/27/16)

Despite Skyrocketing Premiums And The Withdrawal Of UnitedHealth From Most Exchanges, Clinton Continues To Tout Her Role In Creating ObamaCare

Clinton: "Before It Was Called ObamaCare, It Was Called HillaryCare, As You Remember." CLINTON: "Before it was called ObamaCare, it was called HillaryCare, as you remember. I fought really hard. The insurance companies and the drug companies spent millions against me." (Hillary Clinton, CNN Democratic Presidential Town Hall, 3/4/16)

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