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UnitedHealth Group has origins dating back to late 1974 with the founding of Minnesota-based Charter Med Incorporated by Richard Taylor Burke. It originally processed claims for doctors at the Hennepin County Medical Society. [4] United HealthCare Corporation was founded in 1977 to purchase Charter Med and create a network-based health plan for ...
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A preferred provider organization is a subscription-based medical care arrangement. [1] A membership allows a substantial discount below the regularly charged rates of the designated professionals partnered with the organization. Preferred provider organizations themselves earn money by charging an access fee to the insurance company for the ...
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In October 2009, Premera waived deductible or co-pay for 2009-H1N1 vaccine fees for its fully insured members. On February 9, 2012 the Seattle Times published an article alleging non-profit insurance outfits, including Regence, Premera and Group Health, were stockpiling billions of dollars in reserves while increasing their rates at the same time.