I Found Our Stolen Commissions....UHC Profits Up

[Yagents]

UnitedHealth's 4Q profit rises 10 percent

Insurer UnitedHealth's 4th-quarter profit grows 10 percent and tops Wall Street estimates

UnitedHealth's 4Q profit rises 10 percent - Yahoo! Finance

 

[somarco]

Good for them. Hope they enjoy their new life.

 

[Newby]

I wonder if they had to reduce the money the kickback to AARP for the use of their logo?

 

[HealthGuy]

United Health is the most impersonal profit driven company I know...Golden Rule pays claims well, but I think they could give a **** about agents in the long run. They are not an agent centric company...or at least I get that feeling.

 

[GoPokes]

United Health is the most impersonal profit driven company I know...Golden Rule pays claims well, but I think they could give a **** about agents in the long run. They are not an agent centric company...or at least I get that feeling.

Add the Universal American companies to that statement.

 

[ABC]

United Health is the most impersonal profit driven company I know...Golden Rule pays claims well, but I think they could give a **** about agents in the long run. They are not an agent centric company...or at least I get that feeling.

I have a good relationship with their sales team.

They keep me informed on developing products. They fall short on keeping me informed on underwriting issues.

Prior to MLR they had a well oiled machine on both Individual and Small group.

 

[AndreaSti]

First year commissions only, at 5% (before MLR rulings). Doesn't incentivize you to talk the client into staying with them when their rates go up. That said, my own policy is a Golden Rule HSA so I guess they work for me personally.

 

[Yagents]

Headlines today: HMO/PPO stocks hitting yearly highs today. UHC stock is up 17% since the MLR was released a couple of months ago. Analyst: It turns out "the MLR won't have much of an impact on earnings".

So that means.... agents are paying for the reform. Took the money right out of our pocket, and distributed it accordingly (5-10%). I'm just blown away how the "street" analysts are completely blind to the controlled profit scenario PPACA has created, and the mandates which will blow up actuary models.

Or, maybe they got it right?

 

[somarco]

The MLR is about control, not reducing premiums. Carriers will comply because they are weenies, but premiums won't come down.

In fact they are going up, partly because of Obamacrap mandates (free preventive care, covering children to age 26, GI kids, eliminating lifetime max, etc.), but mostly because of a failing economy.

This is a perfect storm of rate increases.

 

[TXINSURANCE]

In fact they are going up, partly because of Obamacrap mandates (free preventive care, covering children to age 26, GI kids, eliminating lifetime max, etc.), but mostly because of a failing economy.

The mandates only raise rates .25%, what are you talking about?