UnitedHealth leaves insurance industry lobbying group AHIP
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[June 24, 2015]
NEW YORK (Reuters) - UnitedHealth
Group Inc is planning to leave the health insurer industry's biggest
trade group, America's Health Insurance Plans, or AHIP, saying it no
longer represents the best interests of the company or its customers.
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UnitedHealth is the nation's largest health insurer, providing
health coverage to about 45 million Americans. AHIP represents
insurers and had a key role in negotiations and the rollout of
President Barack Obama's national healthcare reform law.
“UnitedHealth Group believes the interest of our company and the
customers we serve are no longer best represented by AHIP and
accordingly are ending our membership effective June 30," Matt
Stearns, UHG spokesman said in a statement.
"AHIP has set forth a strategy and direction it feels best serves a
membership profile and need that does not fit UnitedHealth Group and
our diversified portfolio."
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The company declined to comment beyond is statement.
In addition to health insurance, UnitedHealth has a large technology
business called Optum and manages pharmacy benefits.
AHIP, whose other members include insurers Anthem Inc and Aetna Inc
among others, said that it continues to represent the majority of
the industry.
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"Our board has focused us on the critical issues facing health
insurers and the customers we serve, including affordability, high
cost drugs, and Medicare Advantage," AHIP Interim CEO Dan Durham
said in a statement.
(Reporting by Caroline Humer; Editing by Cynthia Osterman)
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