UnitedHealth 1st qtr earnings fall 14 pct, insurer warns of looming Medicare profit squeeze

  • Article by: TOM MURPHY , Associated Press
  • Updated: April 18, 2013 - 1:18 PM
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freedomallApr. 18, 13 9:18 AM

Why hasn't this country moved to a Single-Payer system already? Eliminate these for-profit insurance companies already!

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blueswedeApr. 18, 13 9:36 AM

The time has come to make all health insurance nonprofit. Kaiser Perm. has some of the best care in the country and is nonprofit. You cannot offer good health care when there is always a higher profit margin to meet.

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bill9844Apr. 18, 1310:49 AM

Obviously, the savings for the people will begin soon. This is the hope and change I'v been waiting for. HAPPY DAYS ARE HERE AGAIN

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forpeopleApr. 18, 1310:54 AM

I think those folks who want for-profit insurance should be able to buy it. LOL Ha ha, that will teach them a valuable lesson. As for me, I'll stick with the non-profit insurance that is currently the old kind that can be sold in Minnesota under state law. Minnesota has the second highest life expectancy in the nation for a reason. Non-profit health care works because health care based on concern for people rather than concern for profits works.

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gofurnuttApr. 18, 1311:34 AM

I'm a customer of United Healthcare and I'm Flummoxed that they actually paid some claims without going to court...

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stpaulisbestApr. 18, 1312:07 PM

I'm not going to feel sorry for these folks. For profit health insurance is simply a way to avoid oversight and charge too much while giving too little. Remember why United Health, although headquartered in Minnesota because the top executives like our educated workforce and our quality of life, refused to become a non-profit as Minnesota requires to operate within the state. They wanted to keep raking in humongous profits and paying their top executives tens of millions each. But please don't confuse United Health with the Minnesota non-profit insurers who have accepted extra government oversight, who file their annual reports, audited financials and federal 990 forms with the state Attorney General's office every year so that anyone who wants to can see their books, can see that they are independently audited, can see how much less their top executives make compared to for-profit insurers. Minnesota has proven that non-profit health insurance is the way to go. Or is, at least, a step in the right direction. Full transparency and government oversight means lower premiums, less arguing over claims and lower costs. Or at least lower costs due to insurers - there is still the problem of fast rising hospital, clinic, provider and pharmaceutical costs.

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dlzabzApr. 18, 1312:16 PM

"audited financials"...you ever hear of a 10-k?

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scottzApr. 18, 13 3:38 PM

I hate to tell you guys this, but not-for-profit is an accounting gimmick. Profits simply go to another company. "non-profit" insurers aren't any cheaper than "not-for-profit" insurers. Looking for a scape goat on high medical costs? It isn't the insurer!

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bumswrapApr. 18, 13 5:39 PM

You gotta love this stuff! Medicare is "underfunded" because United Health won't be able to make as much "profit." When it comes to health care delivery, the word "profit" should be nowhere to be found. It is shameful that companies like United Health make giant profits off of people getting sick. Indeed, profits so large they can reward their CEOs and other officers with untold millions in bonuses, salary and stock options.

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knewbetterApr. 18, 13 7:50 PM

Maybe if United Health stopped paying a billion dollars to their CEO they would have enough money to take care of the seniors they are obligated to care for.

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