UnitedHealth Group profit up 26 percent

At the end of the third quarter, almost 45 million people in the US were covered by UnitedHealthcare health insurance, up about 2 percent from previous year.

Trump, who promised to repeal predecessor Barack Obama's signature the Affordable Care Act - so-called Obamacare - but failed to do so, last week signed an executive order to weaken it. Former CEO Stephen Hemsley now serves as executive chairman.

Wichmann said the company would work with the administration on the new products it had outlined, and that it already has 300,000 customers in association health plans.

UnitedHealth Group employs about 18,000 people in Minnesota.

UnitedHealth shares were trading at $204.28, up $11.08, or 5.8 percent.

For 2018, Mr. Wichmann said that earnings could be affected by an ACA tax on health plans that is slated to return next year after being suspended. UnitedHealthcare reported operating earnings of $2.4 billion in the third quarter, up 13.2 percent year over year. If the tax does return next year, the impact on earnings-per-share growth would be roughly 75 cents, the company said.

UnitedHealth has grown in recent months after it bought Surgical Care Affiliates Inc. and confirmed last month it was exploring the purchase of Banmedica, a health-care company in Chile, in what analysts estimate could be a $2.8 billion deal.

Boosting growth next year, the company also expects to increase the number of insurance customers and grow its Optum pharmacy and data businesses, adding to the benefits of its medical costs remaining within a targeted range. Across all lines, Optum generated $1.7 billion in earnings from operations, reflecting a 15.7 percent year-over-year increase. UnitedHealthcare, which is the largest MA payer with about one-quarter of the market, said its Medicare and retirement offerings increased revenues by 17% YOY to $16.3 billion. In addition, UnitedHealth reported net earnings of $2.5 billion in the third quarter of 2017, up from $2 billion in the third quarter of 2016.

Like this



19 October 2017
Man Sues Airline for Serving Sparkling Wine Instead of Real Champagne
A Canadian man is suing Sunwing Airlines after he was promised champagne service and was instead served sparkling wine. Mr Macduff, from Quebec, said he received a cheaper bubbly instead - and only on the outgoing flight.

19 October 2017
Watch the Star Wars Battlefront II Single Player Trailer
Early in Star Wars Battlefront II , a Messenger tasks Iden and her father, Garrick Versio, with terrifying instructions. Elite Trooper Deluxe Edition will be able to start playing the game on November 14, which is a three day head start.

19 October 2017
Shocking study reveals you are AWARE you're dead when you die
In the majority of fatal cases, doctors medically define death as when the heart is no longer beating, Live Science reports . Dr Parnia says, 'Technically, that's how you get the time of death - it's all based on the moment when the heart stops.

19 October 2017
Valverde celebrates 100th day as Barca boss with another win
Cristiano Ronaldo has already achieved the feat of course but Messi's strike ratio is slightly better. Hello and welcome to our build up to Barcelona vs Olympiacos in Group D of the Champions League .

19 October 2017
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Under Analyst Spotlight
Media stories about Patterson-UTI Energy (NASDAQ: PTEN ) have been trending somewhat positive on Thursday, Accern reports. It also reduced Spdr S&P 500 Etf Trust (Put) (SPY) stake by 1.39 million shares and now owns 2.96M shares.

19 October 2017
Gotham Asset Management LLC Sells 29084 Shares of Huntington Bancshares Incorporated (HBAN)
Over a month, it has seen its stock price volatility to stay at 1.45% while shortening the period to a week, volatility was 1.69%. Gotham Asset Management LLC's holdings in Huntington Bancshares were worth $907,000 at the end of the most recent quarter.

19 October 2017
28 percent of new cars sold without spare tire
In an effort to reduce weight and improve fuel economy, automakers continue to eliminate spare tires from new vehicles. AAA members have saved a total of more than $3 million dollars by visiting AAR facilities in the past year .

19 October 2017
Recent Analyst Updates on Cousins Properties Inc (CUZ)
KEEPING SCORE: Japan's Nikkei 225 gained 0.5 percent to 21,474.80, while South Korea's Kospi slipped 0.3 percent to 2,474.79. To evaluate a picky trading instrument, an investment sector or the market as a whole is termed as Stock Analysis.

19 October 2017
Court deems Kurdish Vice President 'insulted' Iraqi forces, issues arrest warrant
Iraqi Prime Minister Haider al-Abadi said on Tuesday the referendum "is finished and has become a thing of the past". Iraqi officials now say that the Peshmerga is back to its June 2014 borders , the start of the ISIS conflict.

19 October 2017
Reuben Foster escapes attempted armed robbery, report says
At that point, Foster and Armstrong made a decision to run, and both were able to escape without being harmed or robbed. Foster helped create this sequence when he noticed the vehicle " casing the joint ", according to the police report.