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UnitedHealth bullish on 2015, long-term future
Modern Healthcare

UnitedHealth Group, the nation’s largest health insurance company by revenue, is predicting sizable profit growth next year and beyond as the rollout of the Patient Protection and Affordable Care Act becomes more entrenched.

Speaking at its annual investor conference in New York City Tuesday, UnitedHealth CEO Stephen Hemsley reaffirmed the company’s net earnings per share of $5.60 to $5.65 by year-end. He also confirmed that UnitedHealth has big goals for 2015 and 2016, setting a long-term growth target of 13% to 16% in earnings per share.

“We see our future squarely in the 13% to 16% range,” Hemsley said. By the end of 2015, UnitedHealth expects to post net earnings of $6 to $6.25 per share, which would give it high-end growth in the short term of almost 12%.