Filed Under:Health Insurance, Individual Health

UnitedHealth to be a tough exchange player

(AP photo)
(AP photo)

Consumer groups are pushing states to make the new health insurance exchanges "active purchasers" that push hard to bargain with carriers for lower rates and better products.

Stephen Hemsley, the president of UnitedHealth Group (NYSE:UNH), assured Wall Street today that his company intends to be an "active seller" that will bargain hard with the exchange managers for fair treatment and rules that give the company the ability to earn a reasonable return on capital.

Individual and small-group health plans now generate about 10 percent of UnitedHealth's earnings, and the company sees no reason to expect the PPACA exchanges to have a dramatic effect, either positive or negative, on that contribution, Hemsley said.

Hemsley did express some skepticism about the idea that exchanges will be ready to go Oct. 1.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date

Provided by LIFEHEALTHPRO

Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]

Provided by LIFEHEALTHPRO

In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI

Provided by LIFEHEALTHPRO

Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's

Provided by LIFEHEALTHPRO

An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources

Comments

Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Close
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.