2009 – September 22

United Healthcare: New York Customers Lose While the Company Fights Reform (click to download PDF)

United Healthcare is a New York subsidiary of UnitedHealth Group (UHG), based in Minnesota. UHG is the second largest health insurance company in the nation, with 2008 revenues of $75.4 billion (25th on the Fortune 500 list), and over 70,000 employees nationwide. UHG CEO Stephen Helmsley made $3.2 million in compensation in 2008, but this was a small percentage of his recent earnings; in February of 2009, for example, Helmsley reportedly made nearly $100 million when he exercised his company stock options.1