July 19 (Bloomberg) -- UnitedHealth Group Inc., the biggest U.S. health insurance company by sales, said second-quarter earnings rose 26 percent driven by the government backed drug benefit program.
More than 5.7 million Americans ages 65 and older signed up for UnitedHealth's government-subsidized prescription drug coverage since the beginning of 2006 under the U.S. Medicare health program. The company captured 35 percent of the market, giving the drug benefit a prominent role in sales and earnings.
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