UnitedHealth Group (UNH) CEO Stephen Hemsley said that the insurer would rebate profits made from its Affordable Care Act plans to customers as Congress continues to debate whether to extend premium tax credits.
“Though UnitedHealthcare is a relatively small participant in the individual ACA market, we will voluntarily eliminate and rebate our profits this year for these coverages, as Congress continues to work toward more long-term solutions,” Hemsley said in prepared testimony he will make Thursday at a House Committee on Energy and Committee Subcommittee on Health hearing.
Executives from Cigna (CI), CVS Health (CVS), and Elevance Health (ELV) are also slated to testify.
During the company’s Q3 2025 earnings call in late October, UnitedHealthcare Business CEO Timothy Noel said that the average ACA marketplace plan in 2026 would increase more than 25%.
