Health Care’s Intertwined Colossus: How decades of policy failures led to the ever-powerful UnitedHealth Group. Today, United is the fifth-largest public company in the U.S., bigger than JPMorgan Chase.
by HenryCorp
Health Care’s Intertwined Colossus: How decades of policy failures led to the ever-powerful UnitedHealth Group. Today, United is the fifth-largest public company in the U.S., bigger than JPMorgan Chase.
by HenryCorp
1 comment
> UnitedHealth was Richard Burke’s way around many state HMO laws, which said they must be run as nonprofit organizations.
> IN 2003, CONGRESS ESTABLISHED WHAT TODAY IS KNOWN as Medicare Advantage, reversing the lower payments from 1997 and creating a strong foothold for managed-care plans in Medicare. Today, UnitedHealth is the largest supplier of Medicare Advantage plans in the country, with 26 percent market share as of 2020, when the government spent $317 billion on the program.