UnitedHealth Planning for Costly 2018 Health Insurance Tax
By: Reuters (NY Times) April 2017
NEW YORK — UnitedHealth Group Inc Chief Executive Steven Hemsley said on Tuesday that the company is planning for higher 2018 premiums and lower benefits based on the return of an industry wide 3 percent health insurance tax that will raise costs.
Hemsley, speaking on a conference call to investors to discuss first-quarter profit, said that he hopes but does not know if Congress will repeal the tax, which was created under the Affordable Care Act and was on a temporary hiatus in 2017.
(Reporting by Caroline Humer)
