20 Facts About UnitedHealth Group

UnitedHealth Group Incorporated is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota.

UnitedHealth Group is the world's seventh largest company by revenue and the largest healthcare company by revenue, and the largest insurance company by net premiums.

In 2001, EverCare, a UnitedHealth Group subsidiary merged with LifeMark Health Plans In 2002, UnitedHealth Group acquired GeoAccess and Medicaid insurance company AmeriChoice.

In 2003, UnitedHealth Group acquired Mid Atlantic Medical Services, an insurer serving Maryland, Washington DC, Virginia, Delaware and West Virginia.

Also in 2003, UnitedHealth Group acquired Golden Rule Financial, a provider of health savings accounts.

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UnitedHealth Group acquired Prescription Solutions, another pharmacy benefit manager, as part of its acquisition of PacifiCare Health Systems.

In July 2009, UnitedHealth Group agreed to acquire Health Net's Northeast licensed subsidiaries for up to $570 million in payments spread out over two years.

UnitedHealth Group hired seven different lobbying firms to work on its behalf in 2010.

QSSI, a subsidiary of UnitedHealth Group, is one of the 55 contractors hired by United States Department of Health and Human Services to work on the HealthCare.

UnitedHealth Group acknowledged the appearance of a conflict of interest but admitted no wrongdoing.

On January 15,2009, UnitedHealth Group announced a $350 million settlement of three class action lawsuits filed in Federal court by the American Medical Association, UnitedHealth Group members, healthcare providers, and state medical societies for not paying out-of-network benefits.

UnitedHealth Group was barred from serving as an officer or director of a public company for ten years.

Lewin UnitedHealth Group is a policy research and consulting firm that provides an economic analysis of health care and human services issues and policies.

The Lewin Group was purchased in 2007 by Ingenix, a subsidiary of UnitedHealth Group, but alleges editorial and analytical "independence" from UnitedHealth Group, its parent company.

The Lewin UnitedHealth Group discloses its ownership in its reports and on its website.

For example, Democratic Senator Ron Wyden uses Lewin UnitedHealth Group estimates to cite the feasibility of his Healthy Americans Act.

Former US Representative Eric Cantor, the former House Republican Whip, has referred to the organization as "the nonpartisan Lewin UnitedHealth Group" in arguing against government-funded health insurance proposals.

However, The Lewin UnitedHealth Group has acknowledged that clients sometimes choose not to publicize the results of studies they have commissioned.

The Justice Department said that UnitedHealth Group knew that access to claims would give it a view into rival health plans at Humana, Anthem Inc, CVS Health, Aetna, and Cigna.

UnitedHealth Group has two foundations, the United Health Foundation and UnitedHealthcare Children's Foundation which were formed in 1999.