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Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $474.3 billion as of July 15, 2024.
UnitedHealthcare (UHC) is one of the companies approved by Medicare to administer Medicare Advantage, Medicare supplement insurance (Medigap), and Medicare prescription drug plans (PDPs).
Optum, Inc. is an American healthcare company that provides technology services, pharmacy care services (including a pharmacy benefit manager) and various direct healthcare services.
From 1997 to 2004, Thompson worked at PricewaterhouseCoopers (PwC) as a CPA and later manager in the transaction advisory services group of the audit practice. [3] He joined UnitedHealth Group in 2004 and worked on U.S. government health insurance programs such as Medicare and retiree coverage, as well as community and state divisions which provided Medicaid and other health insurance coverage.
York-based WellSpan, the third largest healthcare system in the Midstate, and Minneapolis-based United Healthcare’s contract is set to end on Oct. 31, and they have yet to agree on a new one.
The high cost of insurance makes it even more galling when insurers deny urgently needed care, notes Commonwealth’s Sara Collins, a senior scholar and VP of health care coverage and access.
Burke founded UnitedHealth Group and played a significant role in the development of the HMO and Physicians Health Plan (PHP) while he worked at InterStudy, a think tank focused on health care with Dr. Paul M. Ellwood Jr. [2] [3] [4] Burke took the view that healthcare should be economized and hospital admissions should be limited, sometimes at the protest of doctors.
UnitedHealth Group said on Tuesday it will remove AbbVie’s blockbuster rheumatoid arthritis drug Humira from some of its lists of preferred drugs for reimbursement as of Jan. 1, 2025, and ...
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