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UnitedHealth plans for costly Obamacare tax in 2018


By Caroline Humer and Ankur BanerjeeREUTERS - UnitedHealth Group Inc reported stronger-than-expected quarterly results on Tuesday and said it was coping with uncertainty in U.S. healthcare laws by pricing its 2018 insurance plans to include a costly Obamacare tax.President Donald Trump and other Republicans have vowed to repeal Obamacare, formally known as the Affordable Care Act, but have been unable to agree on a law to do that. That means the 3 percent tax collected on all health insurance plans, currently on a hiatus, is due to take effect again next year.As a result, U.S. health insurers ...

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First Published: Tue, April 18 2017. 23:59 IST