Wed, Jan. 28, 4:03 PM
- A study done by researchers from New York and Columbia Universities found that premiums were slightly higher for policies offered on state-run health exchanges where there were higher numbers of competitors, precisely the opposite effect that supposedly characterizes more intense competition.
- Overall, average monthly premiums were $5.71 higher per additional insurer (p<0.001). In addition, average monthly premiums were $3.18 higher per additional insurer for identical plans offered.
- The analysis focused on the prices for each unique insurance plan offered on the exchanges in each geographic rating area. The number of rating areas varied widely in the 34 states examined, from only one in NJ, NH and DE to 67 in FL.
- The authors acknowledge that the higher premiums may be due to higher cost areas (urban vs rural) where more insurers are located rather than a lack of competition.
- Related tickers: (NYSE:AFL) (NYSE:AIG) (NYSE:AET) (NYSE:CI) (NYSE:CNC) (NYSE:UNH) (NYSE:ANTM) (NYSE:MOH) (NYSE:HNT) (NYSE:HUM) (NYSE:WCG) (NASDAQ:MGLN)
Wed, Jan. 21, 7:21 AM
- UnitedHealth Group (NYSE:UNH) Q4 results ($M): Total Revenues: 33,433 (+7.4%), Premiums: 29,375 (+6.0%), Services: 2,765 (17.1%), Products: 1,127 (+30.3%), Investment & Other: 166 (-9.8%).
- Employer & Individual: 10,721 (-6.1%); Medicare & Retirement: 11,494 (+5.0%); Community & State: 6,517 (+36.7%); International: 1,702 (+3.4%); Total UNH: 30,434 (+5.7%); Optum: 12,876 (+23.4%); Eliminations: -9,877 (+21.8%).
- OptumHealth: 3,017 (+20.3%), OptumInsight: 1,487 (+26.2%), OptumRx: 8,507 (+23.9%), Optum Eliminations: -135 (+15.4%).
- Medical Costs: 23,434 (+4.1%); Operating Costs: 5,845 (+15.7%); COGS: 1,008 (+33.2%); Dep & Amort: 381 (+8.9%); Net Income: 1,510 (+5.8%); CP Ops: 1,021 (-85.4%), Quick Assets: 9,236 (+0.2%).
- Operating Profit: 2,765 (+12.8%); Operating Earnings Yield: 8.3% (+5.0%); Net Earnings Yield: 4.5% (-1.5%).
- 2015 Guidance: Revenues: $140.5B - 141.5B; EPS: $6.00 - 6.25; CF Ops: $8.0B - 8.4B.
Wed, Jan. 21, 6:04 AM| Comment!
Tue, Jan. 20, 5:30 PM
Thu, Jan. 1, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 26, 2014, 12:48 PM
Dec. 3, 2014, 11:50 AM
- Key data from yesterday's UnitedHealth Group (UNH +0.7%) event:
- 2015 Guidance ($B): Total Revenues: $140.5 - 141.5, UnitedHealthcare: 127.0 - 128.0, Optum: 52.3 - 53.3; Operating Earnings: 10.8 - 11.2; Operating Cost Ratio: 17.0% +/- 30 bps; Net Income: 5.7 - 6.0; After-tax profit: 3.8 - 4.0; CF Ops: 8.0 - 8.4; EPS: $6.00 - 6.25.
- Commercial Care Ratio: 80.0% =/- 50bps; UnitedHealth Group Consolidated Medical Care Ratio: 80.8% +/- 50 bps.
- Total UnitedHealthcare - Medical Enrollment (000s): 45,340 - 46,190 vs. 44,840 in 2014; Medicare Part D Stand-Alone: 5,385 - 5,435 vs. 5,185 in 2014.
Dec. 1, 2014, 4:28 PM
- UnitedHealth Group (NYSE:UNH) holds its annual Investor Conference tomorrow in New York City beginning at 8:00 am ET. Management will discuss the company's performance and 2015 outlook.
- The company affirms its previous 2014 EPS guidance of $5.60 - 5.65. Its 2015 outlook includes EPS of $6.00 - 6.25 on revenues of $140.5B - 141.5B.
- A replay of the conference will be on the company's website through January 2, 2015.
Nov. 12, 2014, 10:22 AM
- UnitedHealth Group (UNH -0.9%) creates an Office of the Chief Executive comprised of CEO Stephen J. Hemsley, Vice-Chairman of UnitedHealth Group Larry C. Renfro, President, UnitedHealth Group David S. Wichmann, EVP, Chief Legal Officer Marianne Short and EVP, Human Capital Ellen Wilson.
- Mr. Renfro will remain CEO of Optum and will assume additional UnitedHealth Group oversight responsibilities for all enterprise strategic relationships, key client relationships and company-wide business growth efforts.
- Optum COO and Optum Rx CEO Dirk McMahon promoted to EVP, Enterprise Operations of UnitedHealth Group reporting to Mr. Wichmann.
- EVP, UnitedHealth Group and CEO, UnitedHealthcare Gail K. Boudreaux leaves her position.
Nov. 7, 2014, 7:17 AM
Oct. 22, 2014, 2:44 PM
- Crude inventories rose 7.1M barrels for the week ended October 17, according to the EIA, vs. expectations for a 2.7M jump. Helping boost inventories were fewer refinery runs - down 113K barrels per day with utilization rates dropping 140 basis points to 86.7%. In the Midwest, utilization rates are the lowest for this point in the year since 2010.
- WTI crude oil last week briefly dropped under $80 per barrel for the first time since the summer of 2012, and it's testing that level again today, -2.9% to $80.36. USO -2.4%
- Gasoline (UGA -2.2%) stockpiles fell 1.3M barrels vs. expectations for a 1M barrel drop, and distillates (UNH -0.8%) rose 1M barrels vs. expectations for a 1.3M barrel decline.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM, TWTI
Oct. 16, 2014, 7:45 AM
- UnitedHealth Group (NYSE:UNH) Q3 results: Total Revenues: $32,759M (+7.0%); Employer & Individual: $10,610M (-5.5%); Medicare & Retirement: $11,477M (+3.9%); Community & State: $6,131M (+33.8%); International: $1,821M (+18.9%).
- Medical Costs: $23,092M (+4.8%); Operating Costs: $5,436M (+11.6%); COGS: $955M (+30.6%); Net Income: $1,602M (+2.0%); EPS: $1.63 (+6.5%); CF Ops: $3,200M (-46.0%).
- Gross Profit: $9,667M (+12.7%); COGS: 70.5% (-2.1%); Gross Margin: 29.5% (+5.3%); Operating Profit: $2,903M (+10.3%); Operating Earnings Yield: 8.9% (+3.1%); Net Earnings Yield: 4.9% (-4.6%).
- Optum: Total Revenues: $11,986M (+21.4%); OptumHealth: $2,849M (+14.2%); OptumInsight: $1,250M (+4.0%); OptumRx: $8,011M (+27.3%).
- 2014 Guidance unchanged.
Oct. 16, 2014, 6:05 AM| Comment!
Oct. 15, 2014, 5:30 PM
Oct. 14, 2014, 3:31 PM
- Global growth, foreign-exchange, oil, and small caps are the subject of every client inquiry, says David Kostin. His team's recommendation: Buy "American exceptionalism."
- In Kostin's view, U.S. economy and corporate fundamentals are still strong, with economic growth expected by Goldman economists to be 3.2% next year, the fastest expansion since 2005. Europe is expected to grow just 1%.
- What his team likes are those stocks of companies which have a high proportion of domestic sales, plus sectors like Consumer Staples (XLP -0.1%) and Discretionary (XLY +0.7%) which stand to benefit from lower oil prices (plunging again today).
- As for small caps (IWM +0.9%), Kostin is wary, noting downward earnings revisions have boosted small cap P/E ratios even as prices have declined.
- The list of S&P 500 names capturing two or more of Kostin's themes: GT, GM, PCLN, AMZN, CMCSA, LOW, DG, TSN, ADM, CVS, AVP, WAG, PXD, HAL, JPM, BAC, SCHW, PNC, MS, C, GNW, LNC, MET, THC, AET, UNH, ESRX, HUM, WLP, BIIB, GILD, DAL, CMI, FLR, CRM, JBL, MA, FB, MU, FSLR, VMC, MON, T.
Sep. 30, 2014, 9:56 AM
UNH vs. ETF Alternatives
UnitedHealth Group Inc designs products, provides services and applies technologies that improve access to health and well-being services, simplify the health care experience and make health care more affordable.
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