Jump to content

UnitedHealth Group

From Wikipedia, the free encyclopedia
(Redirected from UnitedHealth Group Inc)

UnitedHealth Group Incorporated
Company typePublic
Industry
Founded1974 (as CharterMed)
1977 (as UnitedHealthCare)
FounderRichard T. Burke
HeadquartersMinnetonka, Minnesota, United States
Area served
Worldwide
Key people
Services
Revenue Increase US$371.6 billion (2023)
Increase US$32.36 billion (2023)
Increase US$23.14 billion (2023)
Total assetsIncrease US$273.7 billion (2023)
Total equityIncrease US$94.42 billion (2023)
Number of employees
c. 440,000 (2023)
Subsidiaries
Websiteunitedhealthgroup.com
Footnotes / references
[1][2][3]

UnitedHealth Group Incorporated is an American multinational for-profit company specializing in health insurance and health care services, based in Minnetonka, Minnesota. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue.

The company is ranked 8th on the 2024 Fortune Global 500.[4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.

History

[edit]

1970s–1990s

[edit]

UnitedHealth Group originated in late 1974, when Minnesota-based Charter Med Incorporated was founded by Richard Taylor Burke. It originally processed claims for doctors at the Hennepin County Medical Society.[5] UnitedHealthcare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for seniors.[6] It became a publicly traded company in 1984 and changed its name to UnitedHealth Group in 1998.[7]

In 1988, UnitedHealthcare started its first pharmacy benefit management, through its Diversified Pharmaceutical Services subsidiary. It managed pharmacy benefits delivered both through retail pharmacies and mail. The subsidiary was sold to SmithKline Beecham in 1994 for $2.3 billion.[8]

In 1994, UnitedHealthcare acquired Ramsey-HMO, a Florida insurer.[9] In 1995, the company acquired The MetraHealth Companies Inc. for $1.65 billion. MetraHealth was a privately held company formed by combining the group healthcare operations of The Travelers Companies and MetLife. In 1996, UnitedHealthcare acquired HealthWise of America, which operated HMOs in Arkansas, Maryland, Kentucky and Tennessee.[10]

In 1998, the company was reorganized as the holding of independent companies UnitedHealthcare, Ovations, Uniprise, Specialized Care Services, and Ingenix and rebranded as "UnitedHealth Group". Also in 1998, UnitedHealth Group acquired HealthPartners of Arizona, operator of Arizona's largest AHCCCS provider.[11]

2000s

[edit]

In 2001, EverCare, a UnitedHealth Group subsidiary, merged with LifeMark Health Plans[12] In 2002, UnitedHealth Group acquired GeoAccess and Medicaid insurance company AmeriChoice.[13] In 2003, UnitedHealth Group acquired Mid Atlantic Medical Services, an insurer serving Maryland, Washington D.C., Virginia, Delaware and West Virginia.[14] Also in 2003, UnitedHealth Group acquired Golden Rule Financial, a provider of health savings accounts.[15] On July 21, 2003, Exante Bank started operating in Salt Lake City, Utah, as a Utah state-chartered industrial loan corporation. It changed its name to OptumHealth Bank in 2008[16] and to Optum Bank in 2012.

In April 2004, UnitedHealth Group acquired Touchpoint Health Plan, a Wisconsin health plan.[17] In July 2004, the company acquired Oxford Health Plans.[18]

In December 2005, the company acquired PacifiCare Health Systems.[19] It agreed to divest parts of PacifiCare's commercial health insurance business in Tucson, Arizona and Boulder, Colorado to satisfy antitrust regulator concerns, and also agreed to end its network access agreement with Blue Shield of California. The Tucson business was sold to Cigna.[20] The company acquired Prescription Solutions, another pharmacy benefits manager, as part of its acquisition of PacifiCare Health Systems.[21] This business was later rebranded OptumRx.

In February 2006, the company acquired John Deere Health Care.[22][23][24] The same year, William W. McGuire stepped down as chairman and director due to his involvement in the employee stock options scandal.[25] He was replaced by CEO Stephen Hemsley who had served as president and COO and a member of the board of directors. McGuire's exit compensation from UnitedHealth was anticipated to be $1.1 billion,[26] but he only received $618 million after returning $420 million in stock options.[27]

In February 2008, the company acquired Sierra Health Services for $2.6 billion.[28] As part of the transaction, to obtain regulatory approval, 25,000 customers were sold to Humana.[29] In July 2009, UnitedHealth Group agreed to acquire Health Net's Northeast licensed subsidiaries for up to $570 million in payments spread out over two years.[30]

2010s

[edit]

Through 2010 and into 2011, senior executives of the company met monthly with executives of other health insurers to limit the effect of the health care reform law.[31]

In July 2010, Ingenix acquired Picis Clinical Solutions, Inc., a health information provider for the high-acuity areas of hospitals.[32][33]

Former LHI (now Optum Serve) buildings in La Crosse

In 2011, Logistics Health, Inc. of La Crosse, Wisconsin, was acquired by OptumHealth.[34] In September 2014, the office buildings where LHI is based were sold to UnitedHealth Group for $45 million.[35][36]

In February 2012, the company acquired XLHealth, a sponsor of Medicare Advantage health plans with a primary focus on medicare recipients with special needs such as those with chronic illness and those eligible for Medicaid ("dual eligibles").[37] In October 2012, UnitedHealth Group and Amil Participações, one of the biggest Brazilian health insurance companies, completed the first phase of their merger.[38][39][40]

In February 2014, Optum secured a majority stake in the Washington, D.C.-based startup Audax Health.[41] Audax's CEO, Grant Verstandig, continued running the firm alongside COO David Ko.[41] In October 2014, Optum Health acquired the health services unit of Alere for $600 million cash.[42]

In March 2015, it was announced that CatamaranRx would be acquired by OptumRx.[43]

In April 2016, the company announced it was pulling out of all but a "handful" of state healthcare exchanges provided under Affordable Care Act and will continue to sell only in three states in 2017.[44][45]

In 2017, UnitedHealth's Optum unit acquired Rally Health,[46] a company started by Audax Health's executives.[47] Prior to acquisition, in 2015, UnitedHealth supported Rally Health as a majority investor,[48] and through enrolling 5 million UnitedHealth policy holders in Rally Health's flagship product, RallySM.[47][49][nt 1] The close relations between UnitedHealth, Audax Health and Rally Health follows a close personal relationship between Grant Vrestandig (Audax and Rally) and UnitedHealth's President and CFO at the time, David Wichmann.[50]

In June 2019, UnitedHealth's Optum division acquired Davita Medical Group from DaVita Inc. for $4.3 billion.[51][52][53] That year, the company also agreed to acquire Equian for $3.2 billion.[54][55][56][57] On June 19, 2019, UnitedHealth acquired the online patient community platform PatientsLikeMe for an undisclosed amount and it will be incorporated into UnitedHealth Group's research division.[58]

In November 2019, Andrew Witty was named president of UnitedHealth Group, in addition to his role as chief executive of the company's Optum division.[59]

2020s–present

[edit]

UnitedHealth announced in March 2022 that it would acquire LHC Group for $5.4 billion. The deal will expand its home health capabilities by combining LHC's services with UnitedHealth's Optum unit.[60]

In 2022, UnitedHealth Group said there would be no out-of-pocket costs for albuterol, epinephrine, glucagon, insulin, and naloxone for fully insured members starting in 2023. The discounts were guaranteed for less than a quarter of UnitedHealthcare's membership as most of UnitedHealthCare's membership is only partially insured.[61]

In 2023, UnitedHealthGroup announced it would move its headquarters from Minnetonka to Eden Prairie, Minnesota.[62]

In February 2024, UnitedHealth Group completed the sale of its operations in Brazil.[63]

In February 2022, UnitedHealth announced the acquisition of Change Healthcare, the largest health payments platform in the US, which the US Justice Department tried to block on antitrust grounds; the sale went through by September.[64] 18 months later, in February 2024, the subsidiary was brought completely down by the 2024 Change Healthcare ransomware attack, and the Justice Department announced that it was opening a new antitrust and Medicare overcharging probe.[64] Despite making a ransomware payment, services remained down or incomplete for months. The CEO, Andrew Witty, was called before the US House and US Senate to testify about the cyberattack and DoJ concerns.[65] In late April 2024, the Senate held a hearing concerning the cyberattack and UnitedHealth's response. Andrew Witty went before the Senate stating that there needed to be a strong digital security system in place along with an adequate backup plan. UnitedHealth revealed the hackers did gain access to patient information, but the Senate was informed the company is not yet aware of the extent of the data breach.[66]

Police outside the corporate headquarters in Minnetonka, Minnesota, on December 8, 2024

On December 4, 2024, Brian Thompson, the CEO of UnitedHealth Group's insurance division, was killed in a shooting in New York City.[67][68] The shooting occurred outside the New York Hilton Midtown, where UnitedHealth Group was hosting an investor event.[67] The shooting prompted many social media users to criticize UnitedHealthcare, the American health insurance system, and Thompson personally.[69][70][71][72] Police later arrested a suspect, Luigi Mangione, and charged him with murder.[73]

Organizational structure

[edit]

UnitedHealth Group has two subsidiaries: Optum and UnitedHealthcare.

Optum

[edit]
Main article: Optum

Formed in 2011, Optum says that it provides "data and analytics, pharmacy care services, population health, healthcare delivery, and healthcare operations".[74]

It is organized into three businesses:

  • OptumHealth – provides primary and secondary care.[74][75]
  • OptumInsight – provides data analytics, technology, and operations services.[74]
  • OptumRX – provides pharmacy services.[74]

UnitedHealthcare

[edit]
"UnitedHealthcare" redirects here. For the cycling teams, see UnitedHealthcare Pro Cycling.
Logo for UnitedHealthcare

UnitedHealthcare is an insurance and managed care company with four main divisions:

  • UnitedHealthcare Employer and Individual – provides health benefit plans and services for large national employers and individuals.
  • UnitedHealthcare Medicare and Retirement – provides health and well-being services to individuals age 65 and older.[76]
  • UnitedHealthcare Community and State – serves state programs that care for the economically disadvantaged, the medically underserved, and people without the benefit of employer-funded health care coverage, in exchange for a monthly premium per member from the state program.[76]
  • UnitedHealthcare Global – provides nearly 2.2 million people with care and benefits services in South America.[77][78]

Finance

[edit]
Quarterly earnings
  Net income (left)
  Revenue (right)

For the fiscal year 2022, UnitedHealth Group reported earnings of US$20.64 billion, with an annual revenue of US$324.16 billion.[79] UnitedHealth Group's 2023 revenue grew by $47.5 billion, or 14.6%, on annualized revenue of $371.6 billion. Operating income for 2023 was $32.4 billion (up 13.8%). Cash flows from operations were $29.1 billion.[80]

Year Revenue
in million US$ 		Net income
in million US$ 		Total assets
in million US$ 		Price per share
in US$ 		Employees
2005[81] 46,425 3,083 41,288 45.24
2006[82] 71,542 4,159 48,320 44.83
2007[83] 75,431 4,654 50,899 45.91
2008[84] 81,186 2,977 55,815 28.40
2009[85] 87,138 3,822 59,045 23.10 80,000
2010[86] 94,155 4,634 63,063 29.20 87,000
2011[87] 101,862 5,142 67,889 41.68 99,000
2012[88] 110,618 5,526 80,885 50.04 133,000
2013[89] 122,489 5,625 81,882 60.29 156,000
2014[90] 130,474 5,619 86,382 78.28 170,000
2015[91] 157,107 5,813 111,254 111.06 200,000
2016[92] 184,840 7,017 122,810 131.31 230,000
2017[93] 201,159 10,558 139,058 183.48 260,000
2018[94] 226,247 11,986 152,221 245.88 300,000
2019[95] 242,155 13,839 173,889 249.59 325,000
2020[95] 257,141 15,403 197,289 301.28 330,000
2021[95] 287,597 17,285 212,206 403.71 350,000
2022[95] 324,162 20,639 245,705 530.18 400,000
2023[95] 371,622 23,144 273,720 526.47 440,000

Lobbying

[edit]

In 2009, according to OpenSecrets, people affiliated with UnitedHealth Group gave $4.77 million to political candidates and groups.[96] The Affordable Care Act was being discussed in Congress at the time and was subsequently passed in the first quarter of 2010. In 2010 UnitedHealth Group hired nine different lobbying firms to work on its behalf.[97] In addition, its corporate political action committee (PAC), called United for Health, spent an additional $1 million on lobbying activities.[98] UnitedHealth Group subsequently spent $4.11 million to $4.75 million from 2011 to 2021.[96]

Criticism and controversies

[edit]

SEC investigation

[edit]

In 2006, the U.S. Securities and Exchange Commission (SEC) began investigating the conduct of UnitedHealth Group's management and directors, for backdating of stock options. Investigations were also started by the Internal Revenue Service and prosecutors in the U.S. attorney's office for the Southern District of New York, who subpoenaed documents from the company. The investigations came to light after a series of probing stories in the Wall Street Journal in May 2006, discussing the apparent backdating of hundreds of millions of dollars worth of stock options by UHC management. The backdating apparently occurred with the knowledge and approval of the directors, according to the Journal. Major shareholders have filed lawsuits accusing former New Jersey governor Thomas Kean and UHC's other directors of failing in their fiduciary duty.[99] On October 15, 2006, CEO William W. McGuire was forced to resign, and relinquish hundreds of millions of dollars in stock options.[100][101][102]

On December 6, 2007, the SEC announced a settlement under which McGuire was to repay $468 million, including a $7 million civil penalty, as a partial settlement of the backdating prosecution. He was also barred from serving as an officer or director of a public company for ten years.[103][104][105] This was the first time in which the little-used "clawback" provision under the Sarbanes-Oxley Act was used against an individual by the SEC. The SEC continued its investigations even after it in 2008 settled legal actions against both UnitedHealth Group itself and its former general counsel.[106]

American Chiropractic Association lawsuit

[edit]

In June 2006, the American Chiropractic Association filed a national class-action lawsuit against the American Chiropractic Network (ACN), which is owned by UnitedHealth Group and administers chiropractic benefits, and against UnitedHealth Group itself, for alleged practices in violation of the federal Racketeer Influenced and Corrupt Organizations Act (RICO).[107] The Missouri Department of Insurance, Financial Institutions and Professional Registration determined that UnitedHealth Group violated state insurance laws, so levied $536,000 in fines and ordered more than 50,000 cases re-opened; any improperly denied claims must have been reimbursed with interest for chiropractors and patients.[108]

OptumInsight, a.k.a. Ingenix lawsuit

[edit]

In February 2008, New York State Attorney General Andrew Cuomo announced an industry-wide investigation into a scheme by health insurers to defraud consumers by manipulating reasonable and customary rates. The announcement included a statement that Cuomo intended "to file suit against Ingenix, Inc., its parent UnitedHealth Group, and three additional subsidiaries." Cuomo asserted that his investigation found that rates found in a database of health care charges maintained by Ingenix were lower than what he determined was the actual cost of certain medical expenses. Cuomo said this inappropriately allowed health insurance companies to deny a portion of provider claims, thereby pushing costs down to members.[109]

On January 13, 2009, Ingenix announced an agreement with the New York State attorney settling the probe into the independence of the health pricing database. Under the settlement, UnitedHealth Group and Ingenix would pay $50 million to finance a new, non-profit entity that would develop a new healthcare pricing database. Ingenix would discontinue its medical pricing databases when the new entity makes its product available. The company acknowledged the appearance of a conflict of interest but admitted no wrongdoing.[110]

On January 15, 2009, UnitedHealth Group announced a $350 million settlement of three class action lawsuits filed in Federal court by the American Medical Association, UnitedHealth Group members, healthcare providers, and state medical societies for not paying out-of-network benefits. This settlement came two days after a similar settlement with Cuomo.[111][112]

On October 27, 2009, Cuomo announced the creation of FAIR Health, an independent, non-profit organization that would develop a nationwide database for consumer reimbursement, as well as a website where consumers would be able to compare prices before choosing doctors. To fund FAIR Health, the Attorney General's office secured nearly $100 million from insurers such as Aetna, UnitedHealth Group, and Anthem Inc.[113]

Medicare overbilling lawsuit

[edit]

A whistleblower lawsuit filed in 2011 charged UnitedHealth Group's data analytics division with assisting in defrauding Medicare by boosting risk adjustment scores from Medicare Advantage companies. The suit alleged that UnitedHealth Group subsidiary Ingenix (now OptumInsight) "defrauded the United States of hundreds of millions – and likely billions – of dollars." Former UnitedHealth executive Benjamin Poehling brought the suit under the False Claims Act. The government said it would proceed on claims against two healthcare companies, UnitedHealth and its Texas subsidiary WellMed Medical Management. In February 2017, a federal judge unsealed the suit after the Department of Justice announced it would join the case.[114][115]

Richard Cole, and others v. UnitedHealthcare

[edit]

On April 29, 2019, Judge Robert N. Scola Jr. of the United States District Court for the Southern District of Florida, a cancer survivor, recused himself from a case against UnitedHealthcare, stating that the company's denial of treatment was "immoral and barbaric", and that his opinions regarding the company would prevent him from "deciding this case fairly and impartially."[116][117]

PacifiCare fine in California

[edit]

In 2008, the California Department of Insurance took action against UnitedHealthcare's subsidiary PacifiCare Health Systems, acquired in 2005, ultimately fining UnitedHealthcare around $173 million for an estimated over 900,000 violations of the Unfair Insurance Practices Act; by 2019, the case was still being disputed in court, with the possibility of affirming $91 million in penalties.[118][needs update]

CMS fine over Medicare Part D

[edit]

In 2017, Centers for Medicare and Medicaid Services (CMS) fined UnitedHealthcare $2.5 million after discovering issues in Medicare Part D leading to delays or denials in a 2016 audit.[119]

New Jersey fine in 2018

[edit]

In 2018, the New Jersey Department of Banking and Insurance fined UnitedHealthcare $2.5 million due to various compliance issues; this was the largest fine against a licensee in nine years.[120]

Pennsylvania lawsuit

[edit]

In 2019, UnitedHealthcare paid a $1 million penalty to settle Pennsylvania regulators' allegations that the company violated state and federal laws when paying medical claims, particularly for patients seeking treatment for autism and substance use disorders. The regulators also compelled the company to pay restitution for wrongly denied or delayed claims and to spend $800,000 on an outreach campaign to notify consumers of their mental health and substance use disorder benefits.[121]

Mental health treatment lawsuit

[edit]

As reported by openminds.com:

On September 13, 2019, three addiction and mental health treatment centers sued United Behavioral Health (UBH), UnitedHealthcare's mental health subsidiary. The centers alleged that UBH wrongfully denied $5 million in behavioral health treatment claims for self-insured and fully insured employer health plans for residential and outpatient treatment from 2011 to 2017. The case involves claims for 157 employer group health plan members, including children.[122]

Policy Research ownership

[edit]

The Lewin Group is a policy research and consulting firm that provides an economic analysis of health care and human services issues and policies.[123] The organization has existed for about 40 years and has maintained a nonpartisan reputation through the many ownership changes that have occurred over that time.[123] The Lewin Group was purchased in 2007 by Ingenix, a subsidiary of UnitedHealth Group, but alleges editorial and analytical "independence" from UnitedHealth Group, its parent company.[123] The Lewin Group discloses its ownership in its reports and on its website. While the Lewin Group does not advocate for or against any legislation, both Democratic and Republican politicians frequently cite the firm's studies to argue for and against various U.S. healthcare reform proposals.[124] For example, Democratic Senator Ron Wyden uses Lewin Group estimates to cite the feasibility of his Healthy Americans Act.[125] Former U.S. Representative Eric Cantor, the former House Republican Whip, has referred to the organization as "the nonpartisan Lewin Group" in arguing against government-funded health insurance proposals.[citation needed]

Several Lewin studies have been used to argue both for and against the inclusion of a public option in national health reform. Lewin clients who often cite its findings include The Commonwealth Fund, which, in 2009, held up a Lewin study it commissioned[126] to advocate for a public plan. The report showed that legislative proposals would achieve nearly universal coverage and "estimated that a public plan could offer small businesses insurance that is at least 9 percent cheaper than current small-business policies."[127]

However, the Lewin Group has acknowledged that clients sometimes choose to keep the results of studies they have commissioned private. Indeed, Lewin Group Vice President John Sheils told The Washington Post that "sometimes studies come out that don't show exactly what the client wants to see. And in those instances, they have [the] option to bury the study."[128]

Dispute with TeamHealth

[edit]

In late 2021, Tennessee-based physician network TeamHealth, a subsidiary of the private equity company Blackstone Inc., sued UnitedHealthcare in the 8th District Court of Clark County, Nevada, alleging the insurer underpaid claims to three of TeamHealth's Nevada-based affiliates. In November 2021, the jury unanimously found United guilty of "oppression, fraud, and malice" in its conduct and awarded TeamHealth $2.65 million in compensatory damages. In December, the jury reconvened to determine punitive damages and awarded TeamHealth $60 million. TeamHealth plans to pursue similar legal action against United and other insurers in New Jersey, Pennsylvania, New York, Florida, Oklahoma, and Texas.[129][130]

Change Healthcare acquisition

[edit]

In February 2022, the United States Department of Justice sued to stop UnitedHealth Group's $8 billion acquisition of Change Healthcare, arguing that the deal would give UnitedHealth access to its competitors' data and ultimately push up healthcare costs. The Justice Department said that UnitedHealth knew that access to claims would give it a view into rival health plans at Humana, Anthem Inc, CVS Health, Aetna, and Cigna.[131] A U.S. judge rejected the department's bid in September. Following the completion of the acquisition in October 2022, the parties agreed that the appeal would be voluntarily dismissed, with no reasons provided by the Justice Department for dropping the appeal.[132]

Medicare Advantage overbilling

[edit]

An October 2021 New York Times report identified UnitedHealth in a list of Medicare insurers accused of over-billing. According to the Inspector General, a whistleblower came forward, so the U.S. government went after UnitedHealth for over-billing Medicare. Executives at UnitedHealth Group told workers to mine old medical records for more illnesses, to identify diagnoses of serious diseases that might have never existed, inflating bills paid by the federal government's Medicare Advantage program.[133]

A study by the Kaiser Family Foundation found that in 2021, Medicare Advantage programs provided insurers with double the gross margin than insurance for individuals, groups, or Medicaid Managed Care.[134][135]

In July 2024, the Wall Street Journal concluded that UnitedHealth was the worst offender among private insurers who made dubious diagnoses in their clients in order to trigger large payments from the government's Medicare Advantage program. The patients often did not receive any treatment for those insurer-added diagnoses. The report, based on Medicare data obtained from the federal government under a research agreement, calculated that diagnoses added by UnitedHealth for diseases patients had never been treated for had yielded $8.7 billion in payments to the company in 2021 – over half of its net income of $17 billion for that year.[136]

Foundations

[edit]

Foundations affiliated with UnitedHealth Group include the UnitedHealth Foundation (UHF) and the UnitedHealthcare Children's Foundation (UHCCF), both of which were established in 1999.[137]

UHF pledged $100 million over ten years to fund scholarships and workforce development programs focused on increasing ethnic and racial diversity within the health care industry.[138] UHF's investment will support 10,000 physicians from underrepresented communities: 5,000 students with a primary care focus and 5,000 physicians who want to advance careers in mental health, nursing, midwifery and medicine.[139] The work of this fund is part of a broader initiative in which UnitedHealth Group has teamed up with nine organizations to provide scholarships to more than 3,000 students through the Diverse Scholars Initiative.[139]

UHCCF administers grants to help pay for medical costs for families with coverage gaps. According to UHCCF, the foundation raises money for medical grants by selling gift items such as backpacks, books, cards, and games, some of which are created by children.[140]

See also

[edit]

Notes

[edit]
  1. ^ Also referred to as Rally.(Staff (February 3, 2015). "Rally Health Launches Digital Wellness Platform With Over 5M People". HIT Consultant. Archived from the original on January 21, 2019. Retrieved January 21, 2019.)

References

[edit]
  1. ^ "UnitedHealth Group 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 28, 2024. Retrieved February 28, 2024.
  2. ^ "Subsidiaries of UnitedHealth Group". U.S. Securities and Exchange Commission.
  3. ^ "Investor Conference 2023" (PDF). UnitedHealth Group.
  4. ^ "Fortune Global 500". Fortune. Retrieved October 28, 2024.
  5. ^ Snowbeck, Christopher (April 26, 2022). "UnitedHealth Group founder to retire from the board after more than 40 years". StarTribune. Retrieved May 16, 2023.
  6. ^ Botti, Timothy J. (2006). Envy of the World. Algora Pub. ISBN 978-0-87586-432-7. Retrieved May 16, 2023.
  7. ^ Patrick, Margaret (March 3, 2015). "UnitedHealth Group: The history of a health insurance giant". Yahoo Finance. Retrieved March 1, 2023.
  8. ^ "Smithkline Is Buying A Benefits Company It's Acquiring Diversified Pharmaceutical Services. The Cost: $2.3 Billion". philly-archives. Archived from the original on March 29, 2016.
  9. ^ Freudenheim, Milt (February 16, 1994). "COMPANY NEWS; Healthcare Acquisition Is Planned". The New York Times. ISSN 0362-4331. Archived from the original on June 19, 2015.
  10. ^ "United HealthCare Expands Presence in Southeast Region". managedcaremag.com. March 1, 1996. Archived from the original on October 11, 2016.
  11. ^ "HealthPartners sold; layoffs possible – Tucson Citizen Morgue, Part 2 (1993–2009)". Archived from the original on March 4, 2016. Retrieved June 1, 2015.
  12. ^ "UNITEDHEALTH GROUP INC, Form 10-K, Annual Report, Filing Date Apr 1, 2002". secdatabase.com. Archived from the original on May 16, 2018. Retrieved May 16, 2018.
  13. ^ "UNITEDHEALTH AGREES TO ACQUIRE AMERICHOICE". The New York Times. Associated Press. June 19, 2002. Archived from the original on March 7, 2017.
  14. ^ "UnitedHealth Agrees to Buy Rival Mid Atlantic Medical". The Wall Street Journal. October 27, 2003. ISSN 0099-9660. Archived from the original on July 3, 2015.
  15. ^ Thomas, Trevor (September 23, 2003). "Rating Agencies: UnitedHealth To Acquire Golden Rule". LifeHealthPro. Archived from the original on July 3, 2015. Retrieved July 2, 2015.
  16. ^ "Exante Financial Services Becomes OptumHealth Financial Services" (Press release). Business Wire. March 3, 2008. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  17. ^ "UnitedHealthcare to acquire Touchpoint Health Plan – Milwaukee". American City Business Journals. Archived from the original on July 3, 2015.
  18. ^ "Oxford Health Plans Announces Agreement to Merge With UnitedHealthcare". www.oxhp.com. Archived from the original on October 15, 2006. Retrieved September 27, 2019.
  19. ^ "UnitedHealth Group Completes Merger with PacifiCare Health Systems, Inc" (Press release). Business Wire. December 21, 2005. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  20. ^ BETHELY, JONATHAN G. (July 10, 2006). "United spins off members to Cigna". American Medical News. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  21. ^ "UnitedHealth Group 2005 Form 10-K" (PDF). Archived (PDF) from the original on April 21, 2017. Retrieved November 18, 2018.
  22. ^ Luna, Kay (February 25, 2006). "Deere completes sale of health care operations". Quad-City Times. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  23. ^ "UnitedHealth Group to Purchase John Deere Health Care; Builds on John Deere Health Care 20-Year Service History to Important Local Customers; Advances Efforts to Make Health Care Services More Affordable, More Available and Easier to Use" (Press release). Business Wire. December 6, 2005. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  24. ^ DeWitt, Jennifer (December 6, 2005). "UnitedHealthcare to buy John Deere Health Care; jobs to remain in Q-C". Quad-City Times. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  25. ^ "Chief executive at U.S. health insurer forced out". The New York Times. October 16, 2006.
  26. ^ "Steffy: How William McGuire earned that fat paycheck". Houston Chronicle. Archived from the original on March 29, 2008.
  27. ^ Phelps, David (December 6, 2007). "McGuire pays again, ends SEC's inquiry". StarTribune. Retrieved May 21, 2023.
  28. ^ "UnitedHealth Group Completes Acquisition of Sierra Health Services" (Press release). Business Wire. February 25, 2008. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  29. ^ "Crowell & Moring's Antitrust Group Represents Sierra Health Services in UnitedHealth Group's $2.6 Billion Acquisition". February 25, 2008. Archived from the original on March 15, 2016.
  30. ^ Hall, Jessica (July 20, 2009). "UPDATE 2-UnitedHealth to buy some Health Net operations". Reuters. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  31. ^ Armstrong, Drew (January 31, 2011). "UnitedHealth Joins WellPoint to Hone Health Law Lobby". Bloomberg News. Archived from the original on August 21, 2014.
  32. ^ "Ingenix to Acquire Picis" (Press release). Business Wire. July 22, 2010. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  33. ^ CONN, JOSEPH (July 22, 2010). "Ingenix to acquire Picis". Modern Healthcare. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  34. ^ "Don Weber speaks out on LHI sale". La Crosse Tribune. April 18, 2011. Archived from the original on July 5, 2016.
  35. ^ "Don Weber sells 3 Riverside Center buildings in La Crosse". WKBT-DT. Archived from the original on May 8, 2016. Retrieved September 7, 2015.
  36. ^ Tribune staff (September 23, 2014). "Riverside Center buildings sold for $45 million". La Crosse Tribune. Archived from the original on September 3, 2017.
  37. ^ Barr, Paul (February 9, 2012). "UnitedHealthcare completes XLHealth deal". Modern Healthcare. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  38. ^ "UnitedHealth Group, Amil Complete First Phase of Combination" (Press release). UnitedHealth Group. October 29, 2012. Archived from the original on June 23, 2019. Retrieved June 23, 2019. UnitedHealth Group (NYSE: UNH) and Amil Participações S.A. (BM&FBOVESPA: AMIL3) announced today that the companies have completed the first phase of their combination. The combination is expected to create a new growth platform for UnitedHealth Group's benefits and services companies and will enable Amil to bring advanced technology, a tradition of consumer-focused innovation, modern service and clinical programs to further advance health care in Brazil.
  39. ^ Humer, Caroline (October 8, 2012). "UnitedHealth to buy most of Brazil's Amil for $4.9 billion". Reuters. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  40. ^ Mathews, Anna Wilde; Kamp, Jon (October 8, 2012). "UnitedHealth to Buy 90% of Brazil's Amil for $4.3 Billion". The Wall Street Journal. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  41. ^ a b Farr, Christina (February 19, 2014). "Audax Health's 24-year-old CEO sells majority stake to UnitedHealth". VentureBeat. Archived from the original on January 21, 2019. Retrieved January 21, 2019.
  42. ^ "Optum, Alere Health to Combine to Help Health Plans, Employers and States Improve Population Health, Reduce Health Care Costs". October 28, 2014. Archived from the original on December 14, 2018. Retrieved December 10, 2018.
  43. ^ "UnitedHealth to Buy Catamaran for $12.8 Billion in Cash". The Wall Street Journal. March 30, 2015. Archived from the original on April 30, 2017.
  44. ^ "UnitedHealth Group to exit Obamacare exchanges in all but a 'handful' of states". The Washington Post. Archived from the original on September 19, 2016.
  45. ^ "Encumbered exchange". The Economist. ISSN 0013-0613. Archived from the original on September 16, 2016.
  46. ^ Court, Emma. "The CMO of a health-tech firm inside America's largest health insurer told us why pop-ups and celebs like Katie Couric are key to her 3-part marketing strategy". Business Insider. Retrieved March 4, 2020.
  47. ^ a b Rauber, Chris (February 3, 2015). "San Francisco's Rally Health startup launches online wellness platform". American City Business Journals. Archived from the original on February 24, 2015. Retrieved January 21, 2019.
  48. ^ Fried, Ina (February 2, 2015). "Former Zynga Executive David Ko Thinks He Can Turn Health Care Into a Game — And Win". Re/code. Archived from the original on April 14, 2016. Retrieved January 21, 2019.
  49. ^ Kaul, Greta (February 3, 2015). "Startup Rally Health wants to play games with your health". San Francisco Chronicle. Archived from the original on January 21, 2019. Retrieved January 21, 2019.
  50. ^ Moukheiber, Zina (February 3, 2015). "UnitedHealth Group Launches Wellness Program Tied To Premiums". Forbes. Archived from the original on January 21, 2019. Retrieved January 21, 2019.
  51. ^ "Optum completes acquisition of DaVita Medical Group from DaVita" (Press release). Optum. June 19, 2019. Archived from the original on June 22, 2019. Retrieved June 23, 2019.
  52. ^ "Optum completes acquisition of DaVita Medical Group from DaVita" (Press release). Business Wire. June 19, 2019. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  53. ^ Wittenberg, Alex (June 19, 2019). "UnitedHealth completes $4.3 billion acquisition of DaVita physician group". American City Business Journals.
  54. ^ Lombardo, Cara (June 20, 2019). "UnitedHealth Agrees to Buy Payments Firm Equian for $3.2 Billion". The Wall Street Journal. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  55. ^ Acharya, Bhargav (June 20, 2019). "UnitedHealth to buy healthcare payments firm Equian for $3.2 billion: WSJ". Reuters. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  56. ^ Reilly, Mark (June 21, 2019). "UnitedHealth to buy health-payments business Equian for $3.2B, report says". American City Business Journals.
  57. ^ "UnitedHealth to buy health-care payments firm Equian for $3.2 billion: WSJ". CNBC. Reuters. June 21, 2019. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  58. ^ Lovett, Laura; Muoio, Dave (June 24, 2019). "UnitedHealth Group acquires PatientsLikeMe". MobiHealthNews. HIMSS Media. Archived from the original on July 12, 2019. Retrieved June 26, 2019.
  59. ^ "UnitedHealth Group names Optum CEO as president". Star Tribune. November 13, 2019. Retrieved June 8, 2020.
  60. ^ "UnitedHealth to buy LHC Group for $5.4 billion in home healthcare push". Reuters. March 29, 2022.
  61. ^ Herman, Bob; Bannow, Tara (July 15, 2022). "UnitedHealthcare to offer $0 insulin, Epi-Pens, but only for some members". Stat.
  62. ^ Snowbeck, Christopher (September 18, 2023). "UnitedHealth Group moves Minnesota headquarters from Minnetonka to Eden Prairie". www.startribune.com.
  63. ^ "Form 8-K". www.sec.gov. February 6, 2024. Retrieved February 23, 2024.
  64. ^ a b "US launches antitrust investigation into UnitedHealth, WSJ reports". Reuters. February 27, 2024. Retrieved May 1, 2024.
  65. ^ "UnitedHealth hackers used stolen login credentials to break in, CEO says". Reuters. April 30, 2024. Retrieved May 1, 2024.
  66. ^ Abelson, Reed; Weiland, Noah (May 1, 2024). "Senators Slam UnitedHealth's C.E.O. Over Cyberattack". The New York Times. ISSN 0362-4331. Retrieved May 13, 2024.
  67. ^ a b Lukpat, Alyssa; Wernau, Julie; Wilde Matthews, Anna (December 4, 2024). "UnitedHealth Executive Shot Dead in Targeted Attack Outside Manhattan Hotel". The Wall Street Journal. Retrieved December 4, 2024.
  68. ^ Miller, Myles; Tozzi, John (December 4, 2024). "UnitedHealth Executive Fatally Shot in NYC on Investor Day". Bloomberg.com. Retrieved December 4, 2024.
  69. ^ Novak, Matt (December 4, 2024). "Bitter Americans React to UnitedHealthcare CEO's Murder: 'My Empathy Is Out of Network'". Gizmodo. Retrieved December 5, 2024.
  70. ^ Thalen, Mikael (December 4, 2024). "Grim memes highlight bleak state of insurance in wake of UnitedHealth CEO shooting". Daily Dot. Retrieved December 5, 2024.
  71. ^ Klee, Miles (December 4, 2024). "Social Media Has Little Sympathy for Murdered Health Insurance Exec". Rolling Stone. Retrieved December 5, 2024.
  72. ^ Glenza, Jessica (December 5, 2024). "Brian Thompson's killing sparks outrage online over state of US healthcare". The Guardian. Retrieved December 5, 2024.
  73. ^ Cameron, Dell. "Police Arrest UHC CEO Shooting Suspect, App Developer Luigi Mangione". Wired.
  74. ^ a b c d Byers, Jeff (April 12, 2018). "Optum A Step Ahead in Vertical Integration Frenzy". Healthcare Dive. Archived from the original on February 4, 2023. Retrieved April 27, 2023.
  75. ^ "Factbox: Which CVS Rivals Also Own Primary Care Services". Reuters. February 8, 2023. Archived from the original on April 19, 2023. Retrieved April 27, 2023.
  76. ^ a b "UnitedHealth Group Annual Report 2021" (PDF). UnitedHealth Group Incorporated. UnitedHealth. December 31, 2021. Retrieved December 31, 2021.
  77. ^ "UnitedHealthcare". www.unitedhealthgroup.com. Retrieved June 28, 2024.
  78. ^ "UnitedHealth Group Reports First Quarter 2024 Results" (PDF). Retrieved December 10, 2024.
  79. ^ "Form 10-K" (PDF). U.S. Securities and Exchange Commission. December 31, 2022. Retrieved March 7, 2023.
  80. ^ "UnitedHealth Group Reports 2023 Results". BusinessWire (Press release). January 12, 2024. Archived from the original on January 26, 2024. Retrieved February 7, 2024.
  81. ^ "2005 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  82. ^ "2006 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  83. ^ "2007 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  84. ^ "2008 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  85. ^ "2009 Annual Report" (PDF). Archived (PDF) from the original on October 24, 2018.
  86. ^ "2010 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  87. ^ "2011 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  88. ^ "2012 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  89. ^ "2013 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  90. ^ "2014 Annual Report" (PDF). Archived (PDF) from the original on April 21, 2017.
  91. ^ "2015 Annual Report" (PDF). Archived (PDF) from the original on November 18, 2018.
  92. ^ "2016 Annual Report" (PDF). Archived (PDF) from the original on November 18, 2018.
  93. ^ "Document". Sec.gov. Archived from the original on November 18, 2018. Retrieved June 2, 2019.
  94. ^ "UnitedHealth Group Incorporated 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  95. ^ a b c d e "Financial & Earnings Reports". www.unitedhealthgroup.com. Retrieved July 30, 2021.
  96. ^ a b "OpenSecrets Lobbying Activity-UnitedHealth Group". OpenSecrets.
  97. ^ "UnitedHealth Group". OpenSecrets.
  98. ^ "UnitedHealth Group". OpenSecrets. December 26, 2011. Archived from the original on December 26, 2011. Retrieved February 4, 2011.
  99. ^ Conason, Joe (September 15, 2006). "Jersey hustler". Salon. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  100. ^ "Ex-UnitedHealth CEO To Pay $800M In Settlements". Law360. December 6, 2007. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  101. ^ "FORMER UNITED HEALTH GROUP CEO/CHAIRMAN SETTLES STOCK OPTIONS BACKDATING CASE FOR $468 MILLION" (Press release). U.S. Securities and Exchange Commission. December 6, 2007. Archived from the original on July 11, 2017. Retrieved September 17, 2017.
  102. ^ FREED, JOSHUA (December 7, 2007). "UnitedHealth's ex-CEO to forfeit millions to settle suit". Pittsburgh Post-Gazette. Associated Press. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  103. ^ Securities and Exchange Commission v. William W. McGuire, M.D., Civil Action No. 07-CV-4779-JMR/FLN (D. Minn. 2007) Archived July 11, 2017, at the Wayback Machine U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 20387 / December 6, 2007
  104. ^ Former UnitedHealth Group CEO/Chairman Settles Stock Options Backdating Case for $468 Million Archived August 20, 2014, at the Wayback Machine SEC Press release 2007-255
  105. ^ Dr. William McGuire Settles with the SEC and the UnitedHealth Group Special Litigation Committee on Stock Options Matter Archived May 18, 2009, at the Wayback Machine Latham and Watkins, LLP, Press release, December 6, 2007
  106. ^ "Press Release: SEC Files Settled Enforcement Actions Against UnitedHealth Group and Former General Counsel in Stock Options Backdating Case (Dec. 22, 2008)". Archived from the original on July 11, 2017.
  107. ^ "American Chiropractic Association Files Lawsuit Against ACN in Federal Court" Archived October 22, 2007, at the Wayback Machine, press release, American Chiropractic Association, June 13, 2006
  108. ^ "UHC Fined $536,000, Reopens 50,000 Claims | Dynamic Chiropractic". dynamicchiropractic.com. Retrieved December 5, 2024.
  109. ^ "Cuomo Announces Industry-Wide Investigation into Health Insurer's Fraudulent Reimbursement Scheme" Archived March 30, 2008, at the Wayback Machine, press release, Office of the Attorney General, New York State, February 13, 2008
  110. ^ "UPDATE 2-UnitedHealth settles New York reimbursement probe". Reuters. January 13, 2009. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  111. ^ Press, Associated (January 16, 2009). "UnitedHealth settles lawsuit". Los Angeles Times. Retrieved December 4, 2024.
  112. ^ Krauskopf, Lewis (January 15, 2009). "UPDATE 2-UnitedHealth settles payment suits for $350 million". Reuters. Archived from the original on February 20, 2009.
  113. ^ Stempel, Jonathan (October 27, 2009). "Cuomo sets healthcare reimbursement reform". Reuters. Archived from the original on October 31, 2009.
  114. ^ Williams Walsh, Mary (February 17, 2017). "UnitedHealth Group accused of overbilling Medicare". The New York Times. Archived from the original on February 17, 2017.
  115. ^ Snowbeck, Christopher (February 17, 2017). "UnitedHealth Group targeted by whistleblower lawsuit". Star Tribune. Archived from the original on February 17, 2017.
  116. ^ Flynn, Megan (May 1, 2019). "'Immoral and barbaric': Cancer-surviving judge blasts insurer for denying treatment". The Washington Post. Archived from the original on May 3, 2019. Retrieved May 4, 2019.
  117. ^ "Order of Recusal.pdf". Google Docs. Archived from the original on May 4, 2019. Retrieved June 2, 2019.
  118. ^ "California high court won't review $91M fine against UnitedHealthcare". Star Tribune. January 14, 2019. Archived from the original on April 4, 2019. Retrieved June 13, 2019.
  119. ^ "CMS fines UnitedHealthcare $2.5M over improper Medicare denials, delays". www.beckershospitalreview.com. March 7, 2017. Archived from the original on December 15, 2017. Retrieved June 14, 2019.
  120. ^ "UnitedHealthcare is fined $2.5 million by New Jersey regulators". Star Tribune. July 31, 2018. Archived from the original on August 2, 2018. Retrieved June 14, 2019.
  121. ^ Snowbeck, Christopher (November 4, 2019). "UnitedHealthcare assessed $1 million penalty for claims payment violations". Star Tribune. Retrieved March 26, 2024.
  122. ^ "United Behavioral Health Sued For $5 Million In Denied Mental Health Claims". OPEN MINDS. Retrieved June 8, 2020.
  123. ^ a b c Becker, Cinda. (June 18, 2007), "Ingenix Acquires Lewin Group", Modern Healthcare
  124. ^ Hilzenrah, David S. (July 23, 2009). "Insurer-Owned Consulting Firm Often Cited in Health Debate". The Washington Post. Archived from the original on October 20, 2017.
  125. ^ "Independent Health Reform Analysis: Middle Class Wins Under Healthy Americans Act" (Press release). Ron Wyden. September 17, 2008. Archived from the original on June 23, 2019. Retrieved June 23, 2019.
  126. ^ Lewin study commissioned by The Commonwealth Fund
  127. ^ Hoover, Kent (July 22, 2009). "Small-biz divided on health-care reform". American City Business Journals. Archived from the original on October 11, 2016.
  128. ^ Hilzenrath, David S. (July 22, 2009). "Research Firm Cited by GOP Is Owned by Health Insurer". The Washington Post. Archived from the original on November 19, 2016.
  129. ^ "UnitedHealthcare to appeal after jury awards TeamHealth $60M in damages". Healthcare Dive. Retrieved December 21, 2021.
  130. ^ "Nevada jury: Health insurers owe ER doctors $60M in damages". AP NEWS. December 8, 2021. Retrieved December 21, 2021.
  131. ^ Diane Bartz (February 24, 2022). "U.S. sues to block UnitedHealth's $8 bln deal for Change Healthcare". Reuters.
  132. ^ "US drops appeal of UnitedHealth acquisition of Change Healthcare". Reuters. March 21, 2023.
  133. ^ Reed Abelson and Margot Sanger-Katz, "'The Cash Monster Was Insatiable': How Insurers Exploited Medicare for Billions", New York Times, October 8, 2021.
  134. ^ Abelson, Reed; Sanger-Katz, Margot (March 31, 2023). "Medicare Delays a Full Crackdown on Private Health Plans". New York Times. After intense lobbying by insurers, U.S. health officials say changes to reduce overbilling in Medicare Advantage will be phased in over three years
  135. ^ Ortaliza, Jared; Fuglesten Biniek, Jeannie; Hinton, Elizabeth; Neuman, Tricia; Rudowitz, Robin; Cox, Cynthia (February 28, 2023). "Health Insurer Financial Performance in 2021". Kaiser Family Foundation.
  136. ^ "Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated". Wall Street Journal. July 8, 2024.
  137. ^ Nguyen, Tina (March 10, 2022). "United Health Foundation to Donate $1M to Ukraine". Twin Cities Business.
  138. ^ Snowbeck, Christopher (July 14, 2022). "United Health Foundation pledges $100 million to help diversify health care workforce". Star Tribune. Archived from the original on July 17, 2022. Retrieved August 1, 2023.
  139. ^ a b "UnitedHealth to invest $100M in diversifying healthcare workforce". Fierce Healthcare. June 8, 2022. Archived from the original on November 14, 2023. Retrieved February 7, 2024.
  140. ^ Kortwright, Amalia (December 20, 2017). "Alabaster family spreading awareness about UHCCF grants". Shelby County Reporter.
[edit]
  • Official website Edit this at Wikidata
  • Business data for UnitedHealth Group Incorporated:
  • UnitedHealth Group Incorporated recipient profile on USAspending.gov
Retrieved from "https://en.wikipedia.org/w/index.php?title=UnitedHealth_Group&oldid=1265433392"