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UnitedHealth 1Q profit climbs, enrollment improves
San Francisco Chronicle

Insurer UnitedHealth Group Inc. trumped first-quarter earnings expectations and raised its 2010 profit forecast Tuesday, but a meager stock reaction showed investors haven’t forgotten about the recently concluded health care reform push.

The Minnetonka, Minn., insurer said it trimmed the percentage of premium revenue it spent on medical bills for its commercial insurance to 79 percent, down from 81 percent in last year’s first quarter.