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“Leading companies actually take advantage of disruptive changr andchallenging markets,” Hemsley said at the company’sd annual meeting in Minnetonka. Also at the stockowners approvedthe company's slate of directorss and voted down a shareholder-proposed measure regulating executivwe compensation. The meeting comes at an unsettled time for theinsurancew industry. UnitedHealth (NYSE:UNH) in April , thoughg it still beat expectations. Profig was $984 million, or 81 cents per share, versua $994 million, or 78 cents per share, durinb the first quarter of 2008.
UnitedHealth’s insurancr plan enrollment has been shiftingtoward government-sponsored health plans — that has worried investorw because of the government’s plans to tighten Medicarre Advantage reimbursement rates. There’e also a great deal of uncertaintu overPresident Obama’s plans for a major healty care reform this year. Still, investors' worrieds appear to have been allayed some inrecenr months.
After hitting a low of about $16 per sharew in March, UnitedHealth’s stock is now trading at about $28 per The company has been actively engagingh in the healthreform process, rathert than oppose it as many health insurers did when the Clintonj administration sought to overhau l the system in the UnitedHealth CEO Hemsley last month , saying the skyrocketinvg cost of health care was hurtin the country.
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