Health Plans
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Insurer that fixed Obamacare benefits from business boom

Bloomberg, July 17, 2014
UnitedHealth Group Inc. , the biggest U.S. health insurer by sales, beat analyst earnings estimates as revenue grew from its technology and consulting unit that helped fix the Obamacare insurance website. Net income was $1.41 billion, or $1.42 a share, down from $1.44 billion, or $1.40 a share, a year earlier, the Minnetonka, Minnesota-based company said today in a statement. Earnings per share beat by 16 cents the $1.26 per share average estimate of 22 analysts combined by Bloomberg. Revenue rose 7 percent to $32.6 billion, led by the company's Optum unit, which works with hospitals, employers and governments to manage health costs.