(Bloomberg) -- UnitedHealth Group is exiting New Jersey’sObamacare exchange, marking the 27thstate market the insurer is quitting.

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UnitedHealth’s Oxford Health Plansunit won’t participate in New Jersey’s individual market in 2017,on the Patient Protection and Affordable CareAct exchange or elsewhere, according to a letterobtained by Bloomberg through an open-records request.

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Another unit will continue selling plans outside of PPACA, andthe company will keep offering coverage to small businesses,according to Marshall McKnight, a spokesman for New Jersey’sDepartment of Banking & Insurance.

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Chief Executive Officer Stephen Hemsley said last month thatUnitedHealth would only offer PPACA plans in a “handful of states”for 2017, though the company hasn’t listed them. The company isretreating from the markets created by PPACA amid mounting losseson the policies. Bloomberg has confirmed that the insurer isexiting at least 27 of the 34 states where it sold 2016coverage.

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The company will still probably sell PPACA plans in at leastthree states next year: New York and Nevada have confirmedUnitedHealth’s participation and the company has filed plans toparticipate in Virginia.

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In addition to UnitedHealth, several other insurers offeredplans in New Jersey last year, according to the Kaiser FamilyFoundation. They include Oscar Insurance Corp., AmeriHealth, HealthRepublic Insurance of New Jersey, and Horizon Blue Cross BlueShield of New Jersey.

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