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Investing.com -- UnitedHealth Group Inc (NYSE:UNH). has appointed Mike Cotton as the new leader of its Medicaid insurance segment, according to Bloomberg, filling a previously vacant position following recent leadership changes at the healthcare giant.
Cotton, a longtime insurance executive, will head the Medicaid unit, UnitedHealth confirmed to Bloomberg News. The company also announced that Bobby Hunter, who currently leads the Medicare insurance division, will take on an expanded role as chief executive officer of government programs, with oversight of both the Medicaid and Medicare businesses.
These appointments represent the latest executive changes since Stephen Hemsley, the company’s board chair, returned to the role of CEO.
Government programs, including Medicare for elderly Americans and Medicaid for low-income individuals, have been significant growth drivers for health insurers in recent years.
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