UnitedHealth’s Net Income Increases 46%
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Bloomberg News
UnitedHealth Group Inc., the biggest U.S. health insurer, said second-quarter profit climbed 46% to $325 million, or $1.01 a share. Revenue rose 4.6% to $6.08 billion.
UnitedHealth has boosted premiums to stay ahead of medical costs, and added customers in health plans it runs for self-insured Fortune 500 companies. The firm also has cut costs by moving claims processing to the Internet.
Shares of the Minnetonka, Minn.-based company fell $2.80, or 3%, to $89.70 on the NYSE.
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