Forbes January 15, 2020
UnitedHealth Group reported its “strongest ever” growth in Medicare Advantage enrollment as the company added hundreds of thousands of seniors to its health plans for 2020 amid a competitive environment among rival health insurers.
The growth in Medicare Advantage enrollment will help UnitedHealth Group meet its lofty earnings targets for the year and helped the nation’s largest health insurer beat Wall Street’s earnings expectations for the fourth quarter.
In the fourth quarter of 2019, UnitedHealth reported a 19% increase in earnings to $3.5 billion, or $3.68 per share, compared to $3.04 billion, or $3.10 a share in the year ago quarter. Revenue jumped 7% to $47.6 billion in the quarter helped by continued growth from its Optum health services businesses.
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