UnitedHealthcare, after just four months on the Tennessee health care marketplace, will be leaving it.
This move will affect about 15 percent of the 40,879 Tennesseans who chose a UnitedHealthcare plan on the marketplace this year. When the next sign-up period opens on November 1 they will have to pick another provider, according to a report in the Nashville Business Journal.
UnitedHealthcare, which announced its withdrawal from several state exchanges, cited economic reasons- despite its short time on the Tennessee market.
It was framed as more of a national decision, than a Tennessee one.
“We’re disappointed about UnitedHealthcare’s decision to withdraw from the marketplace after joining last fall because of how the departure will impact consumers,” Tennessee Department of Commerce and Insurance Commissioner Julie Mix McPeak said in a statement. “However, we understand that the company’s decision to withdraw is a business decision. The decision seems more national in scope than Tennessee-specific as the company has less than four months’ experience with Tennessee’s exchange marketplace. Thankfully, we have companies with strong ties to Tennessee still offering products across the state, both on the marketplace and off
United is the second notable insurer to drop from the exchange in the state, following last fall’s announcement that Community Health Alliance, the state’s health insurance co-op, would shutter.
[scroller style=”sc1″ title=”More News” title_size=”17″ number_of_posts=”4″ speed=”300″]
Please join our FREE Newsletter
