United Reports Strong Financial Results for 2019

Revenue from MA plans grew by $7.8 billion
Peter Wehrwein

UnitedHealth Group’s financials finished 2019 on an upbeat note. In a news release today about its fourth-quarter and year-end results, the company highlighted growth in its Medicare Advantage business.  Revenues from its MA plans increased from $75.5 billion in 2018 to $83.3 billion in 2019, a $7.8 billion jump that works out to 10.3% relative increase. The company said that in 2019 its MA plans grew by 325,00 members to reach a coverage total of 5.3 million Americans.

Revenues from its MA plans made up 43% of United's $193.8 billion in revenues from its health insurance businesses in 2019 and are the largest fraction of its health insurance revenue stream.

The company’s health services business was also a strong performer in 2019. Revenues for Optum grew by $11.7 billion in 2019, an 11.5% increase from 2018, and full-year earnings from Optum operations increased by $1.1 billion, or 13.7%.