Both ABC’s World News Tonight and NBC Nightly News chose to ignore the latest blow to ObamaCare. United Healthcare, one of the largest health insurers in the United States, has announced Tuesday that it will be pulling out of most of the ObamaCare insurance exchanges. The company cited the inability to persuade young people to sign on to insurance plans.
The only network news outlet in the “big three” to report the departure of United Healthcare from ObamaCare was the CBS Evening News. Unfortunately, CBS determined that the announcement was worth only a 22 second news brief instead of full in depth report.
According to a Fox News:
“Despite the company expanding to nearly three dozen state exchanges for this year, Hemsley said the company cannot continue to broadly serve the market created by the Affordable Care Act's coverage expansion due partly to the higher risk that comes with its customers.”
United Healthcare stated they were on pace to lose $650 million in 2016. It was predicted by many that insurance companies would face such problems. The exiting of United Healthcare from the exchanges will affect millions of Americans in the exchanges.
Transcript below:
CBS Evening News with Scott Pelley
April 19, 2016
6:51:18 PM Eastern [22 Seconds]SCOTT PELLEY: One of the nation's largest health insurers said today it was pulling out of Obamacare exchanges next year in all but a few states. United Healthcare has had trouble attracting the younger customers who subsidize care for older and sicker patients in 34 states. It expects to lose $650 million this year.
