UnitedHealth profit soars 155%

  • Article by: CHEN MAY YEE , Star Tribune
  • Updated: July 21, 2009 - 10:12 PM

The Minnetonka-based insurer loses commercial members but gains in its public-sector work.

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abracadebraJul. 21, 09 9:40 PM

This is the perfect example of why we need healthcare reform in the U.S. Get the for-profit insurers, with their unqualified obstructionist intermediaries, out of the business of denying coverage for the sick.

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teedubJul. 21, 09 9:42 PM

Earnings per share? Care or profits? Profits or care? 'Earnings per share jumped to 73 cents from 27 cents a year earlier. Analysts had forecast 70 cents. Quarterly revenue was up slightly, to $21.7 billion from $20.3 billion'. Forget care, Go Profits!!!

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mikesalovichJul. 21, 09 9:54 PM

The CEO owes it to "strong execution". That doesn't seem correct, especially in this economy. Name any other billion dollar a quarter business where profits have increased that much. Something is missing in this story.

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wiley41Jul. 21, 09 9:54 PM

where oh where is rip and ranger? Somewhere there little heads are exploding

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Wally_99Jul. 21, 09 9:55 PM

It is utterly amazing that UHG even has its home office in MN. UHG pays an UNgodly amount of taxes to MN, and in return, gets shafted by state laws that prohibit it from doing open business with the medical community of MN. There is not another state in the representative republic that is so hostile to private sector healthcare business. Go figure. Mr. Hemsley, why don't you do what many other MN businesses have done, and move your business' home base to states that are friendlier to business - like South Dakota!!!

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a1batrossJul. 21, 0910:01 PM

The Health Care industries are ripping us all off, and laughing all the way to the bank. But worse, they've got some of the people they're screwing defending them. The number I'd like to see? How much they invest in Congressional bribes lobbying, and how much they earn on each dollar spent on Congress. THAT'S their best investment!

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mgmJul. 21, 0910:09 PM

The story states that the rise in profit was due to the increased PUBLIC sector businesses. Way to go pig politicians. I cant wait to vote out this garbage, every last one of them.

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wild223Jul. 21, 0910:15 PM

Why are so hateful? What's wrong with a company that just is doing well? Why does there always have to be some shady deal involving bribes. Some companies run their business well and succeed That is capitalism, you don't have to like it but it's the country we live in.

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nojusticeJul. 21, 0910:20 PM

I guess we found where they can save on health care costs! We do not need United Healthcare!

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wordupJul. 21, 0910:21 PM

should not be a for profit business. I wonder how many people who needed healthcare didn't get it to make their profit margins. How else do you cut costs when you are an insurer?

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