In the latest tie-up involving a managed-care company and the home-health business, UnitedHealth Group Inc. has agreed to buy LHC Group Inc. for approximately $5.4 billion in cash. The acquisition, announced Tuesday by UnitedHealth’s Optum health-services arm, adds one of the country’s largest home-health firms to a portfolio that already includes doctor groups, clinics, and… Continue reading UnitedHealth to Buy Home-Health Firm LHC Group for $5.4 Billion
Tag: UnitedHealth Group
UnitedHealth Raises Profit View as Revenue from Pharmacy Benefits Grows
UnitedHealth Group Inc on Tuesday raised its 2019 earnings forecast for the third time this year, bolstered by higher revenue at its unit that manages pharmacy benefits as well as its core health insurance business. Shares of the company, which also beat Wall Street profit estimates for the quarter, rose 2.9% to $227 in premarket… Continue reading UnitedHealth Raises Profit View as Revenue from Pharmacy Benefits Grows
UnitedHealth CEO Says ‘Medicare for All’ Would ‘Destabilize the Nation’s Health System’
UnitedHealth Group CEO David Wichmann warned investors on Tuesday that “Medicare for All” proposals pushed by Democratic lawmakers and presidential candidates would “destabilize the nation’s health system.” A number of Democratic proposals call for eliminating private health insurance and replacing it with a universal Medicare plan, claiming it would help reduce administrative inefficiencies in the… Continue reading UnitedHealth CEO Says ‘Medicare for All’ Would ‘Destabilize the Nation’s Health System’