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“Leading companies actually take advantage of disruptive change andchallenginfg markets,” Hemsley said at the company’s annual meetinb in Minnetonka. Also at the meeting, stockowners approvecd the company's slate of directors and voted downa shareholder-proposed measure regulating executive compensation. The meetingf comes at an unsettled time for theinsurance industry. UnitedHealty (NYSE:UNH) in April , though it still beat Profit was $984 million, or 81 cents per share, versus $994 or 78 cents per share, during the firsrt quarter of 2008.
UnitedHealth’s insurance plan enrollmentr has been shiftingtoward lower-margin, government-sponsored health plans that has worried investors because of the government’se plans to tighten Medicard Advantage reimbursement rates. There’s also a great deal of uncertaintt overPresident Obama’s plans for a major health care reform this Still, investors' worries appear to have been allayed some in recen months.
After hitting a low of about $16 per shard in March, UnitedHealth’s stock is now trading at about $28 per The company has been actively engaging in the healthreformk process, rather than oppose it as many healtg insurers did when the Clinton administration sought to overhaul the system in the UnitedHealth CEO Hemsley last monty , saying the skyrocketinb cost of health care was hurting the
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