Health insurer UnitedHealth Group plans to increase the number of state health insurance exchanges it participates in during the next Patient Protection and Affordable Care Act open enrollment period, according to a report from The Hill.
UnitedHealth CEO Stephen Hemsley said during an investor call yesterday that the health insurer is moving ahead with its plans to "take a prudent first-year position and then build and expand in 2015 and 2016 as these markets become more established," according to the report.
UnitedHealth, the country's largest health insurer, current participates in about 12 state exchanges. The insurer plans to extend its presence to as many as two dozen marketplaces during the 2015 enrollment period, according to the report.
More Articles on UnitedHealth Group:
5 Things to Know About UnitedHealth's Cut of Medicare Advantage Providers
UnitedHealth Group Reports 2% Drop in Q2 Net Income
10 Things to Know About UnitedHealth Group