UnitedHealth Group

UnitedHealth Group Inc. is an American diversified managed health care company based in Minnetonka, Minnesota, U.S. It is No. 14 on the Fortune 500. UnitedHealth Group offers a spectrum of products and services through two operating businesses: UnitedHealthcare and Optum both companies are subsidiary of UnitedHealth Group. Optum is a new business brand of UnitedHealth Group and operating business through BPO services, UnitedHealth Group serves approximately 70 million individuals throughout the United States. In 2015, the company reported net income of $8.4 billion.

History

UnitedHealth Group is the parent of UnitedHealthcare, the largest single health carrier in the United States. It was created in 1977, as UnitedHealthCare Corporation (it was renamed in 1998), but traces its origin to a firm it acquired in 1977, Charter Med Incorporated, which was founded in 1974. More informally, it has its origins in the development of the HMO as a model for organized health care and in the work of spokesman Paul Ellwood.