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The quarter was the first for UnitedHealthcare after dropping most of the 34 government-run insurance exchanges where the insurer reported significant financial losses in 2016. The exchanges were launched as part of the federal health law, which Republicans in Washington D.C. have not yet been able to repeal and replace as promised. Stephen Hemsley, the UnitedHealth Group chief executive, said his company has talked about possible changes with elected officials, but focused his comments Tuesday on tax aspects of the ACA. “We hope Congress acts soon to permanently repeal the health insurance tax before it further worsens consumers’ premiums, state budgets and seniors’ benefits,” Hemsley said during a conference call with investors. Hemsley said the tone of health care policy discussions in Washington D.C. has improved, and gives him hope for changes that will improve coverage and spur innovation. As for what might actually happen, the CEO said: “I think it’s really more around what is politically possible, maybe in contrast to what might be the most effective policy that could be applied.” In the first quarter alone, UnitedHealthcare picked up 1.5 million additional health insurance customers, before factoring a reduction of 765,000 subscribers through individual policies under the Affordable Care Act (ACA). Business grew from both the Medicare and Medicaid government health insurance programs.
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It follows similar measures inPhiladelphia and New Orleans, along with more sweeping legislation in Puerto Rico and Massachusetts, designed to eliminate salary history from the interview process. The gender wage gap has fallen significantly in the US over the last couple decades, but data indicate women still make 83% of what men make, on average. Pew research has found gaps often persist due to women taking breaks in their career to raise a family a factor thatadvocates point to as a flaw in the American approach to work-life balance, namely parental leave. Massachusetts became the first US state to pass a salary history law back in August of 2016. In an effort to give businesses time to amend their hiring practices, the rule will require companies to state salary and other pay figures numbers up front, starting in 2018. Sarah Fleisch Fink, director of workplace policy and senior counsel at the National Partnership for Women & Families, says the bans arean important step in the ongoing fight for equal pay. “If somebody has faced gender-based pay discrimination over the course of a career or just in one prior job, and a new employer uses salary history to set pay, essentially you continue to carry forward that gender discrimination from job to job,” she tells Business Insider. One thing the laws don’tcover is interviewees volunteering their current salaries on their own. In that respect, men may still wield an advantage, says Claudia Goldin, a Harvard economist who studies gender inequality.
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