UnitedHealth Group acquire large Brazilian insurance company

insurance industry report

UnitedHealth Group acquires Amil Participacoes SA Health insurance giant UnitedHealth Group has announced its acquisition of one of the largest health care companies in Brazil, Amil Participacoes SA. The move is part of UnitedHealth Group’s endeavor to boost its presence in Latin America, a region brimming with demand for health insurance coverage. UnitedHealth Group acquired the Brazilian company for approximately $4.9 billion. The company operates 22 hospitals and 50 clinics located throughout Brazil and boasted of an annual revenue of more than $5 billion. Move comes as company attempts to…

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Census report shows growth in health insurance amongst Americans

Health Insurance rate increases

Census report aims to shed light on insurance controversies The U.S. Census Bureau recently released a report providing rankings to states based on the number of people that have access to health insurance coverage. The report showed that, in many states, a large portion of consumers were still lacking health insurance coverage. The Census report has since been used as a way to generate more controversy over the country’s new health care reform law. The Census Bureau has issued a new report, which was released earlier this month, documenting the…

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Health insurance statistics for Arizona shows worrisome results

Arizona Health Insurance

Census report shows one in five residents of the state did not have coverage in 2010. Nearly one in every five people in Arizona were without health insurance coverage in 2010, according to a report from the Census Bureau that was recently released. In counties facing greater struggles, that uninsured rate rose to one quarter. The report indicated that the overall rate of uninsured individuals under the age of 65 in Arizona was at 19.3 percent that year. This was slightly worse than the average across the country in 2010,…

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Report shows that 9 million adults lost their health insurance coverage in the wake of the Great Recession

A new report from the National Bureau of Economic Research shows that the recession of 2007-2009 had a major impact on the number of adults who had health insurance in the U.S. The report notes that the recession was the most severe and disruptive financial crisis faced by the U.S. in recent history. The economic impact of the crisis was widely felt and its affects linger today. In the health insurance industry, the recession claimed more than 9 million health care policies, leaving former policyholders without insurance coverage for the…

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Perry may repeal healthcare reforms without alternative in state with highest rate of uninsured

Texas has been named the state with the largest number of residents who do not have health insurance, so they should also be one of the states that could receive the most benefit from the health care reforms made by the Obama administration. However, Governor Rick Perry has halted attempts to lay the foundation for the coverage expansion. That said, one of the solutions that Perry is supporting as an alternative to the overhaul is an untested regional effort that may make individual states responsible for Medicare; a method that…

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