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UnitedHealth second-quarter profit rises

UnitedHealth Group said Thursday that its second-quarter net income rose 5.5 percent, trumping Wall Street expectations, as enrollment gains helped fuel revenue growth and consumers continued to moderate their use of health care services.

By Associated Press | Updated on July 19, 2012

WASHINGTON (AP) — UnitedHealth Group said Thursday that its second-quarter net income rose 5.5 percent, trumping Wall Street expectations, as enrollment gains helped fuel revenue growth and consumers continued to moderate their use of health care services.

UnitedHealth’s enrollment grew about 4 percent to 35.9 million compared to last year’s second quarter, led by gains in Medicare and Medicaid plans and commercial coverage, which includes employer-sponsored and individual plans. That contributed to an 8.3 percent jump in revenue to 27.3 billion.

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