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Six biggest insurers on track to set record profits

The six largest investor-owned health insurance companies are on pace to post record profits this year. All six saw 22 percent increase in combined net income during the third quarter of 2010, according to figures complied by Health Care for American Now, a lobbying group in favor of health care reform. SEC filings show the… Continue Reading Six biggest insurers on track to set record profits

UnitedHealth beats expectations

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UnitedHealth Group, the largest insurer in Colorado, beat analyst expectations in its first-quarter earnings. Its net profit rose $1.19 billion or $1.03 a share, up from $984 million or 81 cents a share, at the same point a year ago.¬†Total revenue rose to $23.2 billion, from $22 billion last year. The company attributed its growth… Continue Reading UnitedHealth beats expectations

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