UnitedHealth says future looks bright

[dflprincess]

http://www.startribune.com/business/134668253.html

UnitedHealth Group Inc. gave an upbeat assessment of its outlook Tuesday, with executives using terms like "solid growth" and "tremendous opportunities" to describe 2011 results and prospects for the future.

The Minnetonka-based health insurer expects annual revenue growth of 6 to 9 percent in the next five years, executives said at UnitedHealth's annual investor conference in New York.

The nation's largest health insurer by sales also said it has an earnings-per-share growth target of 13 to 16 percent "over the long term."

"In the decade to come, we will become a deeper and broader part of the American and international health care systems, just as we have over the last decade," CEO Stephen Hemsley told the conference.

In a news release on Monday and again at the conference on Tuesday, UnitedHealth said it expects to pay dividends of 65 cents a share in 2012, with revenue at $107 billion to $108 billion. The company also said net earnings for 2011 will be about $4.52 to $4.57 a share.

Thank God it passed! :sarcasm:

And somebody needs to warn the rest of the world the UHG is coming for them.

[OhioChick]

1. Invisible rec n/t

[babylonsister]

2. A positive press release. What would you expect? Silly-of you. nt

[dflprincess]

3. Like most "health" insurance companies, UHG has been doing very well this year

and apparently thinks it will continue to do so. It doesn't hurt them that more people are getting high deductible scams foisted on them that keeps them from seeing their doctors and leaves UHG (and other insurers) paying out less in claims.

If I had known we were going to get an insurance mandate rather than reform that might have given us access to care I would have kept the UHG stock I had instead of rolling it into another 401K - it's the one thing I wouldn't have taken a bath on.

[eridani]

4. It really is terribly silly to expect that money we pay to insurance companies will actually--

--be used for CARE. Isn't making sickness and suffering a profit center what other countries do? No? Why do we put up with this shit?

[Vinca]

5. Hold on to your wallets and buy your burial plots now.

[Highway61]

6. CEO Stephen Hemsley - net income 4.93 Billion

He's # 8 on the list of the richest in the good ole USA...someone should have mic checked that SOB.

[xchrom]

7. Recommend