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UNITEDHEALTH GROUP

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UnitedHealth : to Provide Over $1.5 Billion in Assistance and Premium Support to Customers

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05/18/2020 | 06:46am EDT

UnitedHealth Group will provide more than $1.5 billion in initial assistance, including customer premium credits, to its UnitedHealthcare customers as many people have been unable to access routine or planned care due to the COVID-19 pandemic. Consequently, UnitedHealthcare has seen a lower volume of medical care being delivered than was anticipated when pricing was initially established.

For UnitedHealthcare commercial fully insured individual and employer customers, credits ranging from 5% to 20% -- depending upon the specific plan -- will be applied to premium billings in June.

For people served by UnitedHealthcare Medicare Advantage plans, all specialist and primary physician cost sharing will be waived at least through the end of September, helping remove barriers for seniors needing to access care. For those served by UnitedHealthcare and AARP with Medicare Supplement policies, both new and renewal premium pricing will benefit.

Additionally, UnitedHealthcare will expand its Housing+Health and homeless support programs for those served by UnitedHealthcare Medicaid plans, providing individuals with shelf stable food and baby formula, and accelerating funds to state partners and critical providers to serve more people.

'Our core values of integrity, compassion, relationships, innovation and performance guide our actions in this difficult and complex situation,' said David S. Wichmann, chief executive officer of UnitedHealth Group. 'Amid the uncertainty over how this crisis will evolve in the months ahead, we will continuously review the effectiveness of and need for additional actions and we will act swiftly to support individuals, customers and care providers.'

Disclaimer

UnitedHealth Group Inc. published this content on 07 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2020 10:45:06 UTC

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Financials (USD)
Sales 2020 258 B - -
Net income 2020 14 883 M - -
Net Debt 2020 21 327 M - -
P/E ratio 2020 19,9x
Yield 2020 1,48%
Capitalization 293 B 293 B -
EV / Sales 2019
EV / Sales 2020 1,21x
Nbr of Employees 325 000
Free-Float 99,3%
Chart UNITEDHEALTH GROUP
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UnitedHealth Group Technical Analysis Chart | UNH | US91324P1021 | MarketScreener
Technical analysis trends UNITEDHEALTH GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 331,25 $
Last Close Price 308,52 $
Spread / Highest target 24,5%
Spread / Average Target 7,37%
Spread / Lowest Target -5,03%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
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CENTENE CORPORATION1.05%36 792
WELLCARE HEALTH PLANS5.97%17 611