SERVING MINNEAPOLIS / ST. PAUL / MINNESOTA
Donate Now Sustaining Member

MinnPost thanks these major sponsors:




Sponsor of
Second Opinion


Sponsor of
Community Sketchbook


Our major advertisers


Our in-kind partners

Search Engine Marketing

MinnPost thanks these generous donors:

INDIVIDUALS AND FOUNDATI0NS
Blandin Foundation
Otto Bremer Foundation
Bush Foundation
Sage & John Cowles
David & Vicki Cox
Toby & Mae Dayton
Jack & Claire Dempsey
Ethics and Excellence in Journalism Foundation
Sam & Stacey Heins
John S. and James L. Knight Foundation
Joel & Laurie Kramer
Lee Lynch & Terry Saario
Martin & Brown Foundation
The McKnight Foundation
The Minneapolis Foundation
The Saint Paul Foundation
Rebecca & Mark Shavlik

(See all donors here.)

BUSINESS AGENDA

  • Switch to Small Text Size
  • Switch to Medium Text Size
  • Switch to Large Text Size
Email Print Submit a Comment

    Spread of H1N1, layoffs affect UnitedHealth's numbers

    By Dan Haugen | Published Tue, Oct 20 2009 1:23 pm

    The spread of job losses and H1N1 flu both affected UnitedHealth Group's third-quarter numbers.

    The health-insurance giant cited those two factors for explaining why it spent a larger percentage of premium revenue on medical costs during the quarter. Its health plans lost members who lost their jobs, and many of those who remain insured sought flu treatment.

    Job losses led to declines in the company's commercial membership plans, and the decline leads the company to expect 2010 will be "a somewhat more difficult year than 2009," Dow Jones Newswire reports.

    UnitedHealth's third-quarter profits increased 13 percent, compared with a year ago, Reuters reports. The Associated Press reports CEO Stephen Hemsley faced a "flurry of questions" from one investor who wants to see UnitedHealth pay a larger dividend.

    Like what you just read? Support high-quality journalism in Minnesota by becoming a member of MinnPost.

    Advertisement:

    0 Comments:

    E-mail address

    Password

     

    Forgot Password? | Register to Comment

    MinnPost does not permit the use of foul language, personal attacks or the use of language that may be libelous or interpreted as inciting hate or sexual harassment. User comments are reviewed by moderators to ensure that comments meet these standards and adhere to MinnPost's terms of use and privacy policy.

    We intend for this area to be used by our readers as a place for civil, thought-provoking and high-quality public discussion. In order to achieve this, MinnPost requires that all commenters register and post comments with their actual names and place of residence. Register here to comment.



    minnpost.com/businessagenda

    Business Agenda reports on what's going on at businesses in Minnesota. Business Agenda provides brief, quick-reading items about important companies in Minnesota and the people who work at those firms. Business Agenda features new items every day Monday through Friday. 

    Recent Business Agenda Posts