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.
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