Stephen Hemsley, the president of UnitedHealth, said the company wants to sell individual QHPs in 24 exchanges in 2015, up from five this year.
“By participating moderately this year, and then watching closely and listening, we have learned about pricing, networks, regulatory structures, distribution, and the consumer’s mindset,” Hemsley said. That experience should help the company do a good job with managing exchange risk in 2015, Hemsley said.
UnitedHealth wants the QHP programs to be sustainable on their own, and not “overly rely” on the PPACA risk-management programs, Hemsley said.
Exchange QHPs now have about 8 million paid enrollees. The Congressional Budget Office has estimated that QHP enrollment could eventually be about four times higher, Hemsley said.
UnitedHealth expects to see “meaningful membership activity” in the QHP market next year, Hemsley said. Hemsley and other UnitedHealth executives talked about PPACA exchange program during a conference call with securities analysts. The company held the call to review second-quarter earnings.