United's $14 billion year

Article from: Axios

By Bob Hader

UnitedHealth Group blew the doors off the opening of earnings season this week, reporting a better-than-expected fourth quarter, Bob writes.

· Its health insurance unit kept more of the premium dollars, and its pharmacy benefit manager, OptumRx, anchored all of the Optum companies.


By the numbers: United reported a $13.8 billion profit on $242 billion of revenue in the full-year 2019.

· The only other health care company that posts higher annual profits, in absolute numbers, is Johnson & Johnson. J&J reports next week.


Follow along: The Axios Healthcare earnings tracker is updated. Tell Bob (bob@axios.com) what you’re seeing and thinking about.