Tenet sees competitors picking up UnitedHealth exchange business

Tenet Healthcare Corp , the third-largest U.S. for-profit hospital operator, expects other insurers to step in and absorb UnitedHealth Group Inc's share of the exchange market when the largest U.S. health insurance provider exits that business, company executives said on Monday. UnitedHealth, one of the biggest sellers of plans on the exchanges, last month said it would exit the Obamacare individual insurance market in most states next year, citing losses from the program. Tenet's hospitals have seen a boost in business from the influx of newly insured patients who bought coverage through the exchanges, created as part of President Barack Obama's national healthcare law.