UnitedHealth profit jumps 23%

  • Article by: JACKIE CROSBY , Star Tribune
  • Updated: October 16, 2012 - 8:31 PM

The giant health insurer attributed that to lower-than-expected claims and a significant increase in membership.

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dirtydogsOct. 16, 12 8:37 AM

Now you know why healthcare costs are so expensive when the middle man that provides no actual healthcare makes this much money.

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dorianmodeOct. 16, 12 8:38 AM

How obscene. Profiting from suffering. I suppose now the execs can give themsleves a few more million this year. "As if" 100,000,000 for the CEO wasn't enough.

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jathu001Oct. 16, 12 8:44 AM

Well the, where do we start? Does this mean premiums will go down? Does this mean they'll start "creating a few jobs" at living wage? Does this mean the CEO will give up his tax loopholes? Oh. That's what I thought. Yet those on one side of the health reform issue insist the private sector is interested in saving America, that no government regulation is necessary, and that this is the "choice" we all need and want. Yeah, sure, whatever.

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oompaloompaOct. 16, 12 8:46 AM

I wonder how many patients were denied health care services for this huge profit?

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holstjOct. 16, 12 8:57 AM

Wow, they made an incredible profit of $22.29 per member this quarter. This should be illegal! Of course all of this while employing 80,000 of your friends and neighbors so they need to be shut down.

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dlzabzOct. 16, 12 9:25 AM

Obamacare caps what insurers make at 15-20%. So for every $100 they can only gross $20. In comparison Apple makes $482 per iPhone or a gross profit of 74% per iPhone. But I guess playing Angry Birds is more important than paying for health insurance to most of you.

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holstjOct. 16, 1210:22 AM

5.6% profit margin, how many other companies would even exist if they had to operate with margins that thin?

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viqueenfailOct. 16, 1210:33 AM

Great news! This is what can happen in a free market. United Healthcare is headquartered in Minnetonka but is not allowed to operate in Socialist Minnesota because they refuse to conform to Liberal brainwashing and become a non-profit. Obviously, as this news proves, business does better when not burdened with governmental regulation. Vote Romney/Ryan and repeal Obamacare and get rid of silly, job killing state regulation that prevents honest, hard working companies from providing a living for their employees.

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solarnowOct. 16, 1210:58 AM

Forbes reports that United Healthcare's CEO made $48.83M last year. I'd be happier than a pig in slop if I just got the "rounding error" of $0.83M. He owns $155.8M in company stock. Again, I'd take the rounding error any day! Good to see that this job creator is so effective at concentrating wealth.

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highlandguyOct. 16, 1211:07 AM

how dare they make money! They have too many good paying jobs in Minnesota, to boot! shame! shame! nasty, evil capitalist corporations! why doesn't everyone whine to the newspaper when the price of Post-It notes causes 3M to turn million dollar profits in a global free market? Why don't people feel entitled to low-cost post it notes the way they do about health insurance? there's no figuring the hardcore progressive democrats' logic.

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