(Bloomberg) -- UnitedHealth Group is exiting New Jersey’s Obamacare exchange, marking the 27th state market the insurer is quitting.
UnitedHealth’s Oxford Health Plans unit won’t participate in New Jersey’s individual market in 2017, on the Patient Protection and Affordable Care Act exchange or elsewhere, according to a letter obtained by Bloomberg through an open-records request.
Another unit will continue selling plans outside of PPACA, and the company will keep offering coverage to small businesses, according to Marshall McKnight, a spokesman for New Jersey’s Department of Banking & Insurance.
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