Buoyed by growth of its insurance businesses including Medicare Advantage, UnitedHealth's first quarter revenues rose 9.3% to $60.3 billion. More than 5 million people are enrolled in UnitedHealth's Medicare Advantage plans, the company reported Tuesday. Consulting has projected Medicare Advantage enrollment will rise to 38 million, or 50% market penetration by the end of 2025. "Our data shows that seniors in our Medicare Advantage plans see on average about one-half the number of doctors as similar seniors using Original Medicare," UnitedHealthcare CEO Steve Nelson told analysts Tuesday. "This means a simpler, less confusing experience and better outcomes for patients and better use of scarce health system resources overall.

Source: Forbes April 16, 2019 13:12 UTC