Universal American Financial Corp

Industry:	Insurance
Ranking:	Fortune 1000
Revenues:	$3 Billion
Employees:	2,000

Description

Universal American Corp. offers different health insurance and managed care products and services, primarily to the growing senior population. Its principal health insurance products for the senior market are Medicare Advantage, insured stand-alone prescription drug benefit plans pursuant to Medicare Part D, and Medicare supplement. Universal American also provides administrative services for senior market insurance and non-insurance programs to both affiliated and unaffiliated insurance companies and prescription benefit management services to 17 state pharmacy assistance programs, and offers PBM services and drug discount card programs through a number of group contracts. Collectively, the Company's insurance subsidiaries are licensed or otherwise authorized to sell health insurance, life insurance and annuities in all 50 states, the District of Columbia, and Puerto Rico, as well as some United States territories. On September 21, 2007, the Company acquired MemberHealth LLC.
(Source: 10-K)

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UAM, PONE, EPHC, SBCF, IBNK, FVE. Top Gainers With Lowest Price Friction In Morning Trade Today. M2 Presswire; 6/29/2009 ...through an independent general agency system and a career agency system. The company was formerly known as Universal American Financial Corp. and changed its name to Universal American Corp. in November 2007. Universal American Corp. was founded... ...more