Private Sector Economy Fouishes in 2013

Private Sector Economy Fouishes in 2013

Posted in the Minneapolis Forum

“I am always right.”

Since: Oct 09

Former MN Taxpayer

#1 Jan 17, 2014
Well, one portion of the private sector economy is making big bucks.

As noted in the Reuters article, growth in the 4th Quarter coincided with the implementation of new enrollees for Obamacare.

In Obama's Marxist Economy, the government picks the winners and losers in the private sector.

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UnitedHealth reports higher profits, enrollment boost in 4th quarter

January 16, 2014 - 11:53am

(Reuters) UnitedHealth Group Inc., the largest U.S. health insurer, on Thursday reported a higher fourth-quarter profit and the addition of 170,000 members, and said 2014 earnings would improve as well.

The fourth quarter marked the beginning of sales of new individual plans created under the national health care reform law often called Obamacare, coverage which went into effect for the first customers on Jan. 1.

UnitedHealth has limited its participation in selling those new plans so far to three states but said in the release that "strength in sales to individuals and smaller employer groups" had contributed to adding new customers in the quarter.

Net income rose to $1.4 billion, or $1.41 per share, from $1.2 billion, or $1.20 per share, a year earlier.

The insurer is the first to report its results in a group that also includes WellPoint Inc and Aetna Inc. Employer-based plans and government health programs, as well as a fast-growing health technology division, make up the bulk of UnitedHealth's annual sales.

UnitedHealth also added new members in its government plans for seniors and for the poor, for a total of 45,445,000 medical customers at the end of 2013.

The company said that revenue rose to $31.12 billion, up from $28.77 billion a year earlier.

Both earnings and revenue came in slightly ahead of analyst expectations, which were for earnings of $1.40 per and revenue of $31.07 billion, according to ThomsonReuters I/B/E/S.

United Health said it continues to expect revenue of $128 billion to $129 billion and earnings of $5.40 to $5.60 per share in 2014.
goose

Hopkins, MN

#5 Jan 19, 2014
Anything meaning Slew? I thiought not!!!

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