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United Notes Customer Churn As It Mulls Exiting Exchanges

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UnitedHealth Group's surprise announcement that it is considering exiting the ACA exchange market in 2017, which roiled insurance and hospitals stocks on Thursday, prompted some analysts to speculate other exchange issuers may also consider an exit as the majority have faced challenges due to lower-than-expected enrollment and people entering and exiting plans. United in a Thursday morning call said it is seeing a high number of people who are purchasing exchange plans, receiving services, and then dropping their policies. Aetna,...