Mhealth care and insurance company UnitedHealth Group Incorporated (A H) recently announced that its affiliate, UnitedHealthcare, will now offer One Care in Massachusetts to people eligible for both Medicare and MassHealth.
Following the news, the company’s shares rose slightly to close at $ 450.16 on Wednesday.
The plan will be offered to people living in Bristol, Hampden, Plymouth, Suffolk, Worcester, Hampshire, Franklin and Middlesex counties and parts of Essex County.
The UnitedHealthcare Connected for One Care plan is available to eligible adults aged 21 to 64, who are able to benefit from Medicare and MassHealth, including access to the plan’s network of health care providers, health programs and well-being and prescription drug coverage. This comprehensive health coverage offers a personalized care plan and a single point of contact for all Medicare and MassHealth services.
UnitedHealthcare Community Plan of Massachusetts CEO John Madondo said, âUnitedHealthcare is excited and honored to serve Massachusetts residents who qualify for One Care as part of an integrated, person-centered model of care. We look forward to fulfilling our mission of helping people live healthier lives and making the health care system work better for everyone. “
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Recently, Deutsche Bank analyst George Hill reiterated a buy note on the stock. However, the analyst raised the price target from $ 421 to $ 477, which implies a potential upside of 6% from current levels.
The consensus among analysts is a strong buy based on 13 buys and 2 takes. UnitedHealth’s average price target of $ 484.80 implies upside potential of 7.7% from current levels.
UnitedHealth is rated 7 out of 10 according to TipRanks’ Smart Score rating system, indicating that the stock is likely to perform according to market expectations. Stocks have gained 33.2% in the past year.
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