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UnitedHealth move a 'wake-up call' for the White House: Analyst

As UnitedHealth Group threatens to opt out of participating in Obamacare in 2017, one expert says no one should be surprised.

Insurers have actually lost about $2.5 billion through Obamacare exchanges in 2014, said Ipsita Smolinski, managing director and healthcare analyst at Capitol Street, speaking on CNBC's "Closing Bell" Thursday.

United Health currently offers plans in 24 states and covers half a million Americans, making it the largest health insurance company in the U.S. Despite the fact that public exchanges only account for a small percentage of the insurance giant business, Smolinski said, "a negative margin is never great."

Former Aetna CEO Ron Williams told CNBC's "Closing Bell" negative margins can be attributed to an imbalance in the customer mix.

"In the individual insurance market, maintaining affordability requires you...


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