Thursday, November 8, 2012

UnitedHealth Group sees membership decline - Minneapolis / St. Paul Business Journal:

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billion to $2.2 billion. UnitedHealth’xs stock, trading at around 40 percent of the value it was at the endof 2007, coupleed with its low annualized dividend put the company’s return to shareholdersa 75th for 2008. The company took a hit when announcintgan $895 million settlement of a shareholder lawsuit relateds to a stock-options scandal involving former CEO Williamj McGuire. Legal settlements and rising medicalp costs cutinto second-quarter earnings for UnitedHealth, whicy reported earnings of $337 millionn for the period, down from $1.
2e3 billion the previous year largely due to the settlemenrt of two class-action lawsuits that resulted in a total pretaxc charge of $922 million. The news hasn’t all been bad. UnitedHealtjh did see gains in its Health Care Serviced and OptumHealth companies during the third Like manyother companies, however, UnitedHealth has been hit by the It has seen membership decreases due to layoffs and “that puts pressure on revenuees and profitability,” said Davif Toung, a research analyst with The Minnetonka-basedd health insurer in earlty December slightly raised the bottom range of its guidanc for 2009 to $85 billion from $84 billion, while keeping its profitf outlook the same at $2.
90 to $3.15 per

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