Even though it lost money from ACA state exchanges, UnitedHealth still had a 28 percent rise in revenue. (Photo: iStock)

The major losses that the largest American insurer experienced on the Affordable Care Act state insurance exchanges didn’t prevent it from making big bucks.

UnitedHealth posted a 28 percent rise in revenue (to $46.5 billion) and a profit of $1.8 billion during the second quarter, the period during which it announced that it would discontinue its Obamacare business in all but a few states. It also reported $200 million in additional 2016 losses from ACA public exchanges.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Jack Craver

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.