UnitedHealth Group vows to give customer rebates with Affordable Care Act profits

UnitedHealth Group vowed to return all of its profits from the Affordable Care Act marketplace this year to its customers in the form of a rebate.

UnitedHealth CEO and Chairman Stephen Hemsley will announce the rebates in his Wednesday congressional testimony before the House Ways and Means and Energy and Commerce committees. The two lower chamber committees are hosting Hemsley and four other healthcare company CEOs on Thursday to testify on healthcare affordability.

In a released copy of his Thursday testimony, Hemsley walked a bipartisan line, using talking points from both Democrats and Republicans. He will testify that UnitedHealth values “that there are bipartisan discussions” about the enhanced Affordable Care Act tax credits and how to “improve the program in ways to address a range of