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Tuesday, October 18, 2016

Leaving Obamacare helps company growth

Now that the UnitedHealth Group pulled out of the Obamacare insurance debacle, their earnings forecast has been boosted substantially. 

They are the largest US health insurer and health benefits manager, and led the Dow Jones Industrial Average to a 6 percent increase on its third quarter earnings--and the 2017 forecast is looking good.

The company made gains across all facets of the business, with gains in employer-based health programs and those run through Medicaid and Medicare government programs.

"Our growth indicators are positive as we conclude 2016, and we expect to be well positioned in 2017 to better serve consumers and deliver more value to the health system overall," chief executive Stephen Hemsley said.

So leaving Obamacare is a good thing.