Jan. 21 (UPI) -- UnitedHealth Group officials on Wednesday said the health insurer will return the profits earned on policies obtained via the Affordable Care Act marketplace aka Obamacare.
UnitedHealth Group is the largest health insurer in the United States, but its 1 million ACA policies rank well behind the larger Obamacare insurers, such as Centene and its 6 million such policies, according to Politico.
"We are working with the [Trump] administration on the details, and our intent is to provide rebates to members in some manner," UnitedHealth Group spokesman Robert Josephson told Politico.
The health insurer's announcement came a day before several health insurer executives are scheduled to testify before a pair of House committee hearings on Thursday.
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