UnitedHealth Group (UNH) Stephen J. Hemsley on Q2 2016 Results - Earnings Call Transcript

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UnitedHealth Group, Inc. (NYSE:UNH) Q2 2016 Earnings Call July 19, 2016 8:45 AM ET

Executives

Stephen J. Hemsley - Chief Executive Officer & Director

Larry C. Renfro - Chief Executive Officer-Optum & Vice Chairman, UnitedHealth Group, Inc.

David Scott Wichmann - President

Steven Nelson - Chief Executive Officer, UnitedHealthcare Medicare & Retirement

Daniel J. Schumacher - Chief Operating Officer and Chief Financial Officer, UnitedHealthcare, UnitedHealth Group, Inc.

Tami L. Reller - Chief Financial Officer, Optum, UnitedHealth Group, Inc.

John Franklin Rex - Chief Financial Officer

Mark A. Thierer - Chief Executive Officer, OptumRx, UnitedHealth Group, Inc.

Austin T. Pittman - Chief Executive Officer, UnitedHealthcare Community & State, UnitedHealth Group, Inc.

Jeffrey Berkowitz - Executive Vice President, Optum, UnitedHealth Group, Inc.

Michael Weissel - Executive Vice President, Optum Consumer Solutions, UnitedHealth Group, Inc

Bill Miller - Chief Executive Officer, OptumInsight, UnitedHealth Group, Inc.

Jack Larsen - Executive Vice President, OptumCare, UnitedHealth Group, Inc.

Analysts

Matthew Borsch - Goldman Sachs & Co.

Justin Lake - Wolfe Research LLC

Sarah James - Wedbush Securities, Inc.

Scott Fidel - Credit Suisse Securities (USA) LLC (Broker)

A. J. Rice - UBS Securities LLC

Peter Heinz Costa - Wells Fargo Securities LLC

Andy Schenker - Morgan Stanley & Co. LLC

Chris Rigg - Susquehanna Financial Group LLLP

Michael J. Baker - Raymond James & Associates, Inc.

Sheryl R. Skolnick - Mizuho Securities USA, Inc.

Frank Morgan - RBC Capital Markets LLC

Christine Arnold - Cowen & Co. LLC

Ana A. Gupte - Leerink Partners LLC

Joshua Raskin - Barclays Capital, Inc.

Operator

Good morning. I'll be your conference operator today. Welcome to UnitedHealth Group's Second Quarter 2016 Earnings Conference Call. A question-and-answer session will follow UnitedHealth Group's prepared remarks. As a reminder, this call is being recorded.

Here are some important introductory information. This call contains forward-looking

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