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Benzinga
Benzinga
Business
Vishaal Sanjay

UnitedHealth's $4.3 Billion Profit Fueled By 'Generosity Of Uncle Sam,' Says Healthcare Activist: Government Drives 78% Of Health Plan Revenue

Uncle Sam UnitedHealth CI UNH UnitedHealth Group UnitedHealth Group Inc UnitedHealthcare Medicaid Medicare United States
UnitedHealth Group

Despite losing tens of thousands of enrollees in its commercial and Medicaid plans, managed care company UnitedHealth Group Inc. (NYSE:UNH) reported $113 billion in revenue, up 12% year-over-year, and a profit of $4.3 billion during its third quarter results this week.

According to healthcare reform advocate Wendell Potter, this was driven in large part by premium hikes and increased payments from federal programs.

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