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.

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