• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

by July 18, 2024
written by July 18, 2024

Kevin Hern, the Republican Representative from Oklahoma, made a notable transaction in UnitedHealth Group (UNH) stock last month. He purchased between $1,000 and $15,000 worth of UNH stock, which has since appreciated by 16%.

UNH earnings report triggers stock gains

A robust UNH earnings report was the primary driver behind these gains. Although the stock initially dipped following the earnings announcement, it quickly rebounded during regular trading and has continued to rise.

Despite a cybersecurity breach earlier this year, which is expected to cost the company $2.05 per share, UNH showed a 6.5% year-over-year improvement in revenue, highlighting its strong performance.

Additionally, the company raised its dividend by 12% last month, marking the 15th consecutive year of dividend increases.

Kevin Hern’s timely trade raises questions

Politicians frequently trade US stocks, and such activities are regulated by the Stock Act, which requires them to disclose transactions within 45 days.

Previously, disclosures were only required annually. However, the Stock Act does not prevent politicians from trading stocks of companies over which they may have influence.

Kevin Hern sits on the Ways and Means Committee and is a member of the Health Subcommittee.

Through his roles, he directly influences policies related to Medicare, which is a significant source of revenue for UnitedHealth Group.

UnitedHealth Group’s Medicare and Retirement segment is its largest revenue source, accounting for 26% of the company’s total revenue, with inflows expected to reach $139 billion this year. This raises concerns about Hern’s stock transactions, given his involvement in Medicare policy.

Long-term interests in UNH stock

While this recent trade is notable, Hern appears to have a long-term interest in UNH stock.

He has been accumulating shares since the Biden administration took office.

His first purchase in September 2021 was substantial, ranging from $250,000 to $500,000. Since then, the stock has appreciated by 42%, providing him with a solid 13.24% compound annual growth rate (CAGR). Hern has continued to add to his holdings every three months.

Finally, the question remains whether politicians who influence policies like Medicare should be allowed to trade in companies significantly impacted by those policies. This is a matter for the American public to consider, though it is unlikely that regulators will promptly address the issue.

The post Republican Kevin Hern profits from UNH stock while overseeing Medicare policy appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Republican Kevin Hern profits from UNH stock while overseeing Medicare policy
next post
Biding Time: Trump assassination attempt overshadows calls for Biden to step aside

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • RFK Jr and top Dem clash during heated Senate hearing: ‘This is about kids’

    September 4, 2025
  • SCOOP: Resolution punishing Al Green circulates House after Dem is thrown out of Trump speech

    March 5, 2025
  • New report shows clear frontrunner in Harris, Trump campaign cash race

    October 21, 2024
  • Biden White House turned over Trump, Pence government cellphones to FBI as part of anti-Trump agent’s case

    March 14, 2025
  • Black Caucus chair accuses Trump of ‘purge’ of ‘minority’ federal workers

    January 31, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,935)
  • Investing (634)
  • Stock (922)

Latest Posts

  • Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

    July 17, 2024
  • DAVID MARCUS: Radical transparency is the secret to Trump’s early success

    February 23, 2025
  • Trump admin asks SCOTUS to allow it to move forward with plans to slash federal workforce

    June 2, 2025

Recent Posts

  • Unearthed footage of Barron Trump speaking with mom’s accent spreads like wildfire after dad’s massive win

    November 24, 2024
  • LIZ PEEK: The gigantic slush fund inside the Biden White House

    February 25, 2025
  • London Stock Exchange sees the highest outflow of companies since the global financial crisis

    January 6, 2025

Editor’s Pick

  • Abortion ‘on the ballot’ in 10 states this election, but it might not matter

    November 5, 2024
  • John Ratcliffe confirmed as next CIA director, becomes second Trump nominee to gain congressional approval

    January 23, 2025
  • Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

    June 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock