UnitedHealth Group is the parent of UnitedHealthcare, one of the largest health insurers in the United States. It was created in 1977, as UnitedHealthCare Corporation, but traces its origin to a firm it acquired, Charter Med Incorporated, which was founded in 1974. In 1979, it introduced the first network-based health plan for seniors. In 1984, it became a publicly traded company.
In a recent insurance industry publication, Business Insurance, United was named "readers choice" winner 2007 for "Best Managed care organization".
Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals nationwide. In 2008, the company posted a net income of $3 billion.
For over 20 years, UnitedHealthcare and its affiliates have offered United Healthcare Medicare Supplement plans to people age 65 or older, as well as individuals with certain disabilities.
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