UnitedHealth Group, the largest health insurer in the United States in both revenues and enrollment, reported (pdf) a profit of $1.39 billion in the first three months of its fresh 2012 fiscal year — an increase of 3.1 percent from the $1.35 billion it recorded in the first quarter of 2011.
UnitedHealth's total revenue jumped 7.3 percent, from $25.4 billion in the first quarter of 2011 to $27.3 billion in the first quarter of 2012, which ended March 31. UnitedHealthcare's revenue in the first quarter was $25.5 billion, an overwhelming majority of UnitedHealth's business.
The health insurer giant raised its 2012 outlook after experiencing a boost in enrollment and lower-than-expected medical claims. UnitedHealthcare also won a five-year TRICARE award, beginning in the middle of 2013, to provide healthcare coverage to the roughly 3 million active duty or retired military members in the Western United States.
UnitedHealth's total revenue jumped 7.3 percent, from $25.4 billion in the first quarter of 2011 to $27.3 billion in the first quarter of 2012, which ended March 31. UnitedHealthcare's revenue in the first quarter was $25.5 billion, an overwhelming majority of UnitedHealth's business.
The health insurer giant raised its 2012 outlook after experiencing a boost in enrollment and lower-than-expected medical claims. UnitedHealthcare also won a five-year TRICARE award, beginning in the middle of 2013, to provide healthcare coverage to the roughly 3 million active duty or retired military members in the Western United States.
More Articles on UnitedHealth Group:
Don't Fear the Payor: Why Hospitals Should Begin ACO Talks With Insurers
UnitedHealthcare Acquires Two Florida-Based Medicare Advantage Companies
UnitedHealth's 4Q Profit Jumps Almost 21% to $1.26B