UnitedHealth, other big insurers, will share claims data with researchers

Researchers hope information on billions of claims will help them learn why health care can cost so much.
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Researchers hope information on billions of claims will help them learn why health care can cost so much.

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UnitedHealth to buy 90% of Brazilian insurer for $4.9B

Minnetonka-based UnitedHealth Group Inc. is acquiring a 90 percent stake in Amil Participacoes SA, based in Rio de Janeiro, the Associated Press reports. The largest U.S. health insurer has agreed to pay about $4.9 billion in cash to complete the deal.

Regulators give UnitedHealth green light to buy Brazilian insurer

Regulators in both Brazil and the United States have approved UnitedHealth Group's plan to buy a major stake of Amil Participacoes, an operator of hospitals and clinics that is also Brazil's biggest managed-care company, Bloomberg reports. The Minnetonka-based health insurer agreed to pay about $4.9 billion for the 90 percent stake in the company.

State hustles to implement buyer-friendly health insurance marketplace

Now that the federal health care overhaul has been mostly upheld by the U.S. Supreme Court, Minnesota officials are working fast to design a online health insurance marketplace for people to enter basic information, learn whether they qualify for subsidies, compare the options and buy a policy.

UnitedHealth among insurers to help expose healthcare billing fraud

The Minnetonka-based health insurer has agreed to share more information with federal regulators to root out illicit Medicare billings. UnitedHealth EVP Richard Migliori said, “There are mutual interests here in doing a better job at detecting what’s probably some $80 billion-plus per year in fraudulent payments across private and public sectors." WellPoint Inc and Humana Inc are also participating in the partnership.

UnitedHealth reaches rare milestone

The Minnetonka-based health insurer brought in more than $100 billion last year. The Star Tribune reports UnitedHealth is among just 22 publicly traded companies and the first in Minnesota to reach that milestone. Read more ...

UnitedHealth posts big third-quarter net income

Minnetonka-based UnitedHealth Group's third-quarter net income jumped 23 percent, beating expectations, as preparations for retiring Baby Boomers started to pay off for the nation's largest health insurer, the Associated Press reports. UnitedHealth also raised its 2012 earnings forecast.

Dayton starts two health care task forces for insurance exchange, cost cutting

One task force will design Minnesota's version of a health insurance exchange, which is required under the new federal health care law. The other will look more broadly at ways to cut costs and improve quality in the state's health care system.