UnitedHealth and other private insurers contract with the US government to offer benefits under Medicare.
(Istockphoto.Com)
MARKET MOVERS
Insurers led by UnitedHealth Group Inc. and Humana Inc. rose after UnitedHealth CEO Stephen Hemsley said Medicare will stay a profitable business even with cuts in government payments. UnitedHealth, the largest US insurer by sales, said profit jumped 13 percent, beating analyst estimates, as rising Medicare enrollment offset a drop in private-sector clients lost to unemployment.
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