Selected UnitedHealth advertising
UnitedHealth Group is America's biggest diversified healthcare insurance and services provider, as well as one of the country's six biggest companies by revenues. It operates through two main divisions, often working together in tandem. UnitedHealthcare is currently the nation's biggest health insurer, offering health benefits cover to around 47m individuals, either directly or through corporate, community and state plans. The proposed merger of rivals Anthem and Cigna would have overtaken United by members (though not by revenues), but was blocked by US regulators. UnitedHealthcare is partnered by pharmacy benefits manager and healthcare administration consultancy Optum. That business was expanded in 2015 with the acquisition of smaller competitor Catamaran, and now manages prescription drug insurance for more than 65m Americans. The group partners with AARP to market co-branded Medicare policies and forged a partnership with pharmacy giant Walgreens in 2016 to make that chain its preferred prescription filler. Group revenues for 2016 jumped by 18% to $184.8bn, more than 75% of that total from insurance premiums. UnitedHealthcare was founded in 1977 as the parent entity for healthcare services provider Charter Med, launched three years earlier. It has expanded steadily, especially over the past 20 years, by steadily absorbing rival regional insurers. Founder Richard Burke stepped down as chairman in 2017 in favour of Steve Hemsley, who was in turn replaced as CEO by David Wichmann. Adbrands doesn't offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
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Capsule checked 27th September 2017
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 28th Jul 2016: US regulators filed lawsuits to oppose both the proposed megamergers between US health insurers, saying the deals would reduce competition. Anthem's planned acquisition of Cigna would create the country's largest insurer by members, covering 54m individuals, while Aetna's intended deal for Humana would make it the leader in Medicare Advantage plans. However, Justice Department Attorney General Loretta Lynch opposes both deals. "If these mergers were to take place," she said, "the competition among these insurers that has pushed them to provide lower premiums, higher quality care and better benefits would be eliminated." All four potential mergees vowed to fight the Justice Dept's case in court.
Adbrands Weekly Update 30th Jul 2015: In other deals, another two of the biggest health insurers in the US are to merge. Anthem, the local #2, has offered to acquire #5 Cigna for $48bn. That follows a similar proposed tie-up between Aetna and Humana. That consolidation would reduce the top five in the industry to just three. UnitedHealth continues to lead with revenues of more than $150bn. The two new merged companies would be neck and neck at around $116bn apiece. However Anthem/Cigna would have more than 53m members, ahead of UnitedHealth at 46m and Aetna/Humana at 34m.
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