Tuesday, August 2, 2016

"The reality is the severity of chronic conditions ...

... inside the [public exchange] population actually increased on a year-over-year basis. If you look at the prevalence of chronic disease — things like HIV and hepatitis C, diabetes, COPD — those are examples of things that the prevalence was high to begin with in 2015, and that has increased into 2016. So that's what's informing our view."

— Daniel Schumacher, COO and CFO of UnitedHealthcare, on a recent conference call to discuss second-quarter earnings, at which he said UnitedHealth Group expects to lose $850 million on public exchanges for the 2016 plan year.

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