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 Citing serious financial problems, the largest insurer in America will remain in only "a handful" of Obamacare markets next year.
UnitedHealth's CEO said in an investor call Tuesday morning that the Obamacare market has continued to show high risk.
"Next year we will only remain in a handful of states," UnitedHealth CEO Stephen Hemsley said. UnitedHealth lost $425 million last year due to Obamacare.
The insurer already said it would pull out of Michigan, Georgia and Arkansas next year. It had plans in 34 states this year, according to the Kaiser Family Foundation.
