trending Market Intelligence /marketintelligence/en/news-insights/trending/HWEELap2Cxm4tAMjQaOjhw2 content esgSubNav
In This List

UnitedHealth to withdraw from Arkansas health exchange in 2017

Case Study

A Prestigious Global Business School Gains a Competitive Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage


S&P Capital IQ Pro | Powering Your Edge


Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

UnitedHealth to withdraw from Arkansas health exchange in 2017

UnitedHealth GroupInc. will not offer plans on Arkansas' health insurance exchange in2017, the Arkansas Democrat-Gazette reportedApril 8, citing a spokesman for the Arkansas Insurance Department.

UnitedHealth had offered insurance plans on the Arkansas exchangefor the first time in 2016, but did not submit plans to the department for the nextyear by the April 1 deadline, according to the report. UnitedHealth group had in November 2015 that itcould withdraw from subsidized public exchanges because it was sustaining losses.A spokesman for UnitedHealth did not respond to request for comments, the news outletreported.

The 704 people enrolled in the plans of UnitedHealth as of theend of January will switch to a different plan during the open-enrollment period,and those who do not change their plans will be automatically assigned to a differentcompany, the news outlet said, citing Amy Webb, spokesman for the Arkansas Departmentof Human Services.

Centene Corp.,USAble Mutual Insurance Co.d/b/a Arkansas Blue Cross and Blue Shield, the national Blue Cross and Blue ShieldAssociation, and QCA Health Plan Inc.d/b/a QualChoice Health Insurance of Arkansas plan to continue to offer coverageon the insurance exchange in 2017, according to the Insurance Department spokesman.

Centene will be offering plans in 2017 on the state's small-businessinsurance exchange, which currently has Arkansas Blue Cross and Blue Shield as theonly company offering plans, the news outlet reported.