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UnitedHealth Group originated in late 1974, when Minnesota-based Charter Med Incorporated was founded by Richard Taylor Burke. It originally processed claims for doctors at the Hennepin County Medical Society. [5] UnitedHealthcare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for seniors. [6]
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It was acquired by UnitedHealth Group in November 2003. [1] [2] [3] It was closely involved in the establishment of health savings accounts (HSA) and the related tax incentives. [4] The company funded millions of dollars to prominent members of the Republican Party such as Newt Gingrich to support HSAs and to fight broader reform. [5] [6] [7 ...
In December 2005, the company was acquired by UnitedHealth Group. [7] At that time, the company had 705,000 Medicare enrollees. [8] The company continued to market health plans under the PacifiCare and SecureHorizons names until 2011, when it changed to the UnitedHealthcare name. [9]
Tim Noel, who joined UHG in 2007 and most recently served as UnitedHealthcare Medicare & Retirement's chief executive officer, will become UnitedHealthcare's CEO.