UnitedHealth Group

UnitedHealth Group Invests Additional $100 Million in Affordable Housing to Further Its Commitment to Building Communities That Achieve Better Health Outcomes

Thursday, June 4, 2020 - 2:00pm

UnitedHealth Group (NYSE: UNH) has reached $500 million in affordable housing investments, with an announcement today of a $100 million investment in the Health & Housing Fund a partnership with Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT).

Key Points: 
  • UnitedHealth Group (NYSE: UNH) has reached $500 million in affordable housing investments, with an announcement today of a $100 million investment in the Health & Housing Fund a partnership with Stewards of Affordable Housing for the Future (SAHF) and National Affordable Housing Trust (NAHT).
  • UnitedHealth Group, with its UnitedHealthcare and Optum businesses, will also provide an additional $1 million in grants to support on-site health-related services for residents.
  • The investments are part of the companys ongoing efforts to promote positive health outcomes through greater access to affordable housing.
  • Since 2011, UnitedHealth Group has helped build 80 new affordable housing developments with 4,500 new homes in 18 states for people in need of affordable housing supportive services.

Tina Jonas Appointed to Serco Inc. Board of Directors

Tuesday, June 2, 2020 - 6:27pm

Herndon, Virginia, June 02, 2020 (GLOBE NEWSWIRE) -- Serco Inc., a provider of professional, technology, and management services and subsidiary of Serco Group plc, announced today that Tina Jonas has been appointed to the Board of its U.S. business effective July 1, 2020.

Key Points: 
  • Herndon, Virginia, June 02, 2020 (GLOBE NEWSWIRE) -- Serco Inc., a provider of professional, technology, and management services and subsidiary of Serco Group plc, announced today that Tina Jonas has been appointed to the Board of its U.S. business effective July 1, 2020.
  • Jonas most recently served as a chief executive with UnitedHealthcare, part of UnitedHealth Group (UHG), a Fortune 14 company.
  • We are excited to welcome Tina Jonas to our board of directors.
  • Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $4 billion international business that helps transform government and public services around the world.

UnitedHealth Group Updates on Annual Shareholder Meeting, Board Actions

Tuesday, June 2, 2020 - 1:00pm

UnitedHealth Group (NYSE: UNH) provided updates on its 2020 annual shareholder meeting and actions by its Board of Directors at its regular quarterly meeting.

Key Points: 
  • UnitedHealth Group (NYSE: UNH) provided updates on its 2020 annual shareholder meeting and actions by its Board of Directors at its regular quarterly meeting.
  • M.D., Glenn M. Renwick, David S. Wichmann and Gail R. Wilensky, Ph.D. UnitedHealth Group directors stand for election annually.
  • Voted against a shareholder proposal requesting any material amendment to the companys bylaws be subject to a non-binding shareholder vote.
  • UnitedHealth Group (NYSE: UNH) is a diversified health care company dedicated to helping people live healthier lives and helping make the health system work better for everyone.

UnitedHealth Group Announces Support for Twin Cities in Response to George Floyd Tragedy and Civil Unrest

Monday, June 1, 2020 - 6:45pm

Following the tragic death of George Floyd, UnitedHealth Group (NYSE: UNH) today announced a commitment to support Mr. Floyds family, help Twin Cities businesses restore their operations and fund efforts to advance equity and inclusivity in the Minneapolis-St. Paul community.

Key Points: 
  • Following the tragic death of George Floyd, UnitedHealth Group (NYSE: UNH) today announced a commitment to support Mr. Floyds family, help Twin Cities businesses restore their operations and fund efforts to advance equity and inclusivity in the Minneapolis-St. Paul community.
  • To show support for the Floyd family, UnitedHealth Group will establish and administer a dedicated Diverse Scholars trust fund to help support Mr. Floyds childrens education through undergraduate college or equivalent achievement.
  • With its corporate headquarters located just outside Minneapolis, UnitedHealth Group employs nearly 20,000 people in Minnesota.
  • For more information, visit UnitedHealth Group at www.unitedhealthgroup.com or follow @UnitedHealthGrp on Twitter.

Funding and Resources for Startups Developing Solutions for Efficient Healthcare: "ADAPT" Program Launched by UCSF Rosenman Institute for Innovation Spurred by COVID-19

Thursday, May 28, 2020 - 1:00pm

Selected companies will each receive $150,000 non-dilutive funding and support from the program's sponsors, Echo Health Ventures, Express Scripts, and UnitedHealth Group.

Key Points: 
  • Selected companies will each receive $150,000 non-dilutive funding and support from the program's sponsors, Echo Health Ventures, Express Scripts, and UnitedHealth Group.
  • During the three-month program, companies will work closely with the sponsors to identify needs and shortest paths to implementation for their solutions.
  • "The innovations emerging from ADAPT could potentially accelerate adoption of promising approaches to delivering the best possible care."
  • "Supporting the ADAPT program at UCSF aligns directly with our mission to champion solutions for health care's greatest challenges.

United Health Foundation Commits $2.5 Million to Establish Behavioral Health Crisis Team in Children’s Wisconsin Emergency Department

Wednesday, May 27, 2020 - 7:58pm

The United Health Foundation has awarded Childrens Wisconsin a three-year, $2.5 million grant to establish a crisis response team in the emergency department (ED) available 24 hours a day, seven days a week for children with mental and behavioral health needs.

Key Points: 
  • The United Health Foundation has awarded Childrens Wisconsin a three-year, $2.5 million grant to establish a crisis response team in the emergency department (ED) available 24 hours a day, seven days a week for children with mental and behavioral health needs.
  • Support for excellent health care institutions like Childrens Wisconsin will help to provide even better care to Wisconsin children and their families.
  • Last November, Childrens announced a five-year plan to help address the growing mental and behavioral health crisis facing Wisconsin kids.
  • The United Health Foundation was established by UnitedHealth Group (NYSE: UNH) in 1999 as a not-for-profit, private foundation dedicated to improving health and health care.

COVID-19 Crisis: Aetna Expands NIPT Coverage for Young Pregnant Women

Monday, May 18, 2020 - 7:00pm

While Aetna has taken an encouraging step towards safeguarding maternal health during the COVID-19 pandemic, Stand Up!

Key Points: 
  • While Aetna has taken an encouraging step towards safeguarding maternal health during the COVID-19 pandemic, Stand Up!
  • women under the age of 35, big players like Aetna and UnitedHealthcare (UHC) still restrict coverage to include only traditional serum screening and other similar tests for young pregnant women.
  • By limiting NIPT access to women over the age of 35, these insurers in-effect put young women at high risk of false positives and false negatives.
  • 4APA, a non-profit organization, has raised awareness against the age-related discrimination amongst pregnant women that deprives access to the advanced and accurate NIPTs for young moms-to-be.

UnitedHealth Group and Microsoft Collaborate to Launch ProtectWell™ Protocol and App to Support Return-to-Workplace Planning and COVID-19 Symptom Screening

Friday, May 15, 2020 - 2:00pm

The ProtectWell protocol is supported by a smartphone app that allows employers to offer workers a simple screening tool designed for everyday use.

Key Points: 
  • The ProtectWell protocol is supported by a smartphone app that allows employers to offer workers a simple screening tool designed for everyday use.
  • The ProtectWell app includes an AI-powered health care bot that asks users a series of questions to screen for COVID-19 symptoms or exposure.
  • Health care information is managed by UnitedHealth Group and employers in accordance with occupational health laws.
  • Microsoft is pleased to join with UnitedHealth Group to launch ProtectWell, which helps organizations manage the complexity of this undertaking.

Independent Pharmacies Sue Major PBM Over Alleged Illegal Price Discrimination And Reimbursement Violations

Friday, May 15, 2020 - 12:11pm

PHILADELPHIA, May 15, 2020 /PRNewswire/ -- The newest litigation against a major pharmacy benefit manager (PBM) comes from a likely source: its small business victims.

Key Points: 
  • PHILADELPHIA, May 15, 2020 /PRNewswire/ -- The newest litigation against a major pharmacy benefit manager (PBM) comes from a likely source: its small business victims.
  • More than 50 independent pharmacies have filed a class action lawsuit against OptumRx, a division of UnitedHealth Group,after the company's failure to comply with state pharmacy claims reimbursement law.
  • The lawsuit further alleges OptumRx often knowingly reimbursed local pharmacies below wholesale cost to stock necessary generic prescription drugs.
  • Thus, the pharmacies allege the company is arbitraging prescriptions merely by changing its description.

AM Best Assigns Issue Credit Ratings to UnitedHealth Group Incorporated’s Senior Unsecured Notes

Thursday, May 14, 2020 - 5:59pm

AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of a- to UnitedHealth Group Incorporateds (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH] recently issued $500 million 1.25% senior unsecured notes due 2026; $1.25 billion 2.0% senior unsecured notes due 2030; $1.0 billion 2.75% senior unsecured notes due 2040; $1.25 billion 2.9% senior unsecured notes due 2050; and $1.0 billion 3.125% senior unsecured notes due 2060.

Key Points: 
  • AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of a- to UnitedHealth Group Incorporateds (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH] recently issued $500 million 1.25% senior unsecured notes due 2026; $1.25 billion 2.0% senior unsecured notes due 2030; $1.0 billion 2.75% senior unsecured notes due 2040; $1.25 billion 2.9% senior unsecured notes due 2050; and $1.0 billion 3.125% senior unsecured notes due 2060.
  • UnitedHealth Groups Long-Term Issuer Credit Rating of a-, its existing Long-Term IRs and the ratings of its insurance subsidiaries are unchanged.
  • The proceeds from UnitedHealth Groups newly issued senior unsecured notes are expected to be used to pay down short term borrowings, for $1.5 billion of senior unsecured notes coming due in July 2020 and for general corporate purposes.
  • However, this metric was elevated as UnitedHealth Group had $10 billion outstanding on its revolving credit agreements during the first quarter.