This is the real reason ObamaCare is sputtering

UnitedHealth is leaving the health care exchanges. That's not a sign of terrible policy — it's a sign of inadequately funded policy.

Obamacare has caused many insurance companies to lose money.
(Image credit: Justin Sullivan/Getty Images)

America's biggest health insurance provider decided ObamaCare just isn't worth the trouble.

UnitedHealth Group Inc. offers plans on the health care exchanges of 34 states, but announced on Tuesday it will pull out of all but "a handful" in 2017. Over 12 state regulators have already confirmed the insurer will leave their exchanges.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.