NU Online News Service, Jan. 22, 2004, 12:38 p.m. EST – A lull in medical claims costs helped the performance of UnitedHealth Group Inc., Minnetonka, Minn., during the fourth quarter of 2003.[@@]
The company’s United Healthcare managed care unit is reporting $523 million in operating profits for the quarter on $6.5 billion in revenue, up from $382 million in operating profits on $5.8 billion in revenue for the fourth quarter of 2002.
The company as a whole ended the quarter providing or administering health coverage for 18.7 million people, up from 17.7 million people a year earlier. Average commercial revenue per commercial health plan member increased 7.5%, to $492.