INDIANAPOLIS (AP) — UnitedHealth Group Inc. said Tuesday its second-quarter earnings rose 13 percent, as enrollment gains helped fuel revenue growth and consumers continued to moderate their health care system use.
The Minnetonka, Minn., insurer also hiked its 2011 profit forecast by 20 cents per share after raising it in the first quarter as well.
UnitedHealth's enrollment grew 5 percent to 34.2 million compared to last year's second quarter, led by gains in commercial coverage, which includes employer-sponsored and individual plans. That contributed to an 8 percent jump in revenue from UnitedHealthcare, the company's largest segment.
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