Consumers will no longer be able to purchase individual plans — both on and off the ACA exchanges — in 2017 from UnitedHealth’s Oxford Health Plans unit. However, the insurer will continue offering small business coverage, and one of its other units will sell non-ACA plans.
UnitedHealth’s exit from New Jersey comes as no surprise. In April, the insurer said it would leave the ACA exchanges in all but a “handful” of states in 2017. Among them are Indiana, Arkansas, Georgia, Michigan, Connecticut, Iowa and Maryland.
Next year, UnitedHealth will leave 27 of the 34 states in which it sold plans in 2016, and it has only confirmed that it will sell in three states: Nevada, New York and Virginia, according to Bloomberg.
More articles on payer issues:
Empire BCBS, HealthAlliance yet to resolve contract dispute
BCBS, Partners dig in heels in SEIU battle
CMS approves Calif. tax on managed care organizations
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
