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“Leading companies actually take advantage of disruptivs change andchallenging markets,” Hemsley said at the company’ws annual meeting in Minnetonka. Also at the stockowners approvedthe company's slate of directora and voted down a shareholder-proposed measure regulating executive compensation. The meetingh comes at an unsettler time for theinsurance industry. UnitedHealt h (NYSE:UNH) in April , though it still beat expectations. Profir was $984 million, or 81 cents per share, versus $994 million, or 78 cents per share, duriny the first quarter of 2008.
UnitedHealth’s insurance plan enrollment has been shiftinhtoward lower-margin, government-sponsored health planxs — that has worried investores because of the government’s plans to tighten Medicare Advantage reimbursementf rates. There’s also a great deal of uncertainty overPresidenyt Obama’s plans for a major health care reform this year. Still, investors'' worries appear to have been allayed some in recent After hitting a low ofabout $16 per sharw in March, UnitedHealth’s stock is now trading at about $28 per The company has been actively engaging in the health reform process, rather than oppose it as many healtu insurers did when the Clinton administration sought to overhaupl the system in the 1990s.
UnitedHealth CEO Hemsleg last month , saying the skyrocketing cost of healthu care was hurtingthe country.
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