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MarketScreener Homepage  >  Equities  >  Nyse  >  UnitedHealth Group    UNH

UNITEDHEALTH GROUP

(UNH)
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UnitedHealth : New Research Finds Beneficiaries with Medicare Advantage Spend Less than Those in Medicare Fee-for-Service

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05/18/2020 | 06:10am EDT

Beneficiaries enrolled in Medicare Advantage (MA) plans typically spend nearly 40 percent less than beneficiaries in Medicare Fee-for-Service (FFS) programs, according to new research released today by UnitedHealth Group (NYSE:UNH).

The research found that the average annual health care costs for a 72-year-old MA beneficiary of average health are $3,632, compared to up to $5,960 for Medicare FFS beneficiaries. Over their lifetime, seniors enrolled in Medicare Advantage can save $50,000 to $85,000.

Those savings and protections are especially important since half of Medicare beneficiaries live on fixed annual incomes below $27,000. The Cost Difference between FFS and MA

A typical beneficiary enrolled in MA with Part D prescription drug coverage spends:

* $1,477 less than beneficiaries enrolled in FFS and Part D coverage;

* $1,809 less than beneficiaries who purchase Medigap Plan G as supplemental coverage for out-of-pocket costs; and

* $2,328 less than beneficiaries who purchase Medigap Plan F as supplemental coverage.

An average beneficiary who chooses an MA-PD plan pays between $1,265 and $1,918 less than a 65-year-old FFS beneficiary in average health. Choosing an MA-PD plan offers savings, regardless of age. The Coverage Difference Between FFS and MA

Medicare Advantage plans offer all the same benefits as Medicare FFS, while including additional protections and benefits, not covered by Medicare FFS, that help beneficiaries stay healthy, improve care outcomes, and avoid unforeseen medical costs.

In addition to covering 6 percent more of the cost of hospital stays and physician office services than FFS, MA plans also include Part D prescription drug coverage, caps on annual out-of-pocket costs, and care management programs. Most plans also include dental, vision, and hearing coverage. MA beneficiaries with chronic conditions receive more preventative care and experience fewer emergency department visits and lower rates of avoidable hospitalizations compared to FFS beneficiaries.

Read more about the research at www.unitedhealthgroup.com. About UnitedHealth Group

UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping make the health system work better for everyone. UnitedHealth Group offers a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services. For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 258 B - -
Net income 2020 14 883 M - -
Net Debt 2020 21 402 M - -
P/E ratio 2020 18,7x
Yield 2020 1,57%
Capitalization 276 B 276 B -
EV / Sales 2019
EV / Sales 2020 1,15x
Nbr of Employees 325 000
Free-Float 99,3%
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Mean consensus BUY
Number of Analysts 28
Average target price 331,11 $
Last Close Price 291,23 $
Spread / Highest target 31,9%
Spread / Average Target 13,7%
Spread / Lowest Target 0,61%
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Managers
NameTitle
David Scott Wichmann Chief Executive Officer & Director
Andrew Philip Witty Group President
Stephen J. Hemsley Chairman
John Franklin Rex Chief Financial Officer & Executive Vice President
Richard J. Migliori Chief Medical Officer & EVP-Medical Affairs
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