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The biggest private sector health insurer in the country,United Health Care, warned that they might exit health insurance exchanges set up under Affordable Care Act after losing more than $400 million this year. The company said it will make a decision in the first half of next year whether it can continue to serve the public exchange markets in 2017.
The announcement comes as a surprise, and as just final month United's CFO said the company expected its exchange commerce to be "strikingly better" in 2016,and announced plans to expand the exchanges in 11 states.
Zachary Tracer, health care reporter at Bloomberg, and joined The Takeaway to discuss the move,and the state of health care going into 2016.
Source: wnyc.org