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August 05, 2005
UnitedHealth expects Health Savings Accounts to fuel company growth
UnitedHealth, one of the leading health insurance companies in the nation, recently unveiled its latest acquisition plan, an $8 billion bid for rival PacifiCare Health Systems. The deal marries two leaders in the emerging field of consumer-driven health plans and Health Savings Accounts (HSAs).
Investors and policymakers alike have embraced these plans as a way to bring down skyrocketing health care costs, and consumers are flocking to the plans.
TheStreet.com, an investment advisory website, has reported that UnitedHealth is banking on explosive growth in health savings accounts and health reimbursement arrangements to drive earning gains for years to come. The company has been regularly posting double-digit quarterly profit growth for quite some time now.
I, too, expect tremendous growth in the number of health savings accounts opened, as people become more aware of the premium and tax savings that are available to owners of HSAs.
Posted by Wiley Long at August 5, 2005 09:54 AM