In a continuous effort to better serve the Korean American
community, UnitedHealthcare, a unit of
UnitedHealth Group Inc.
) has opened its fifth health benefits store named Asian Resource
Center, in California.
With this new store the company aims to provide specialized
service to Koreans living in Los Angeles, CA. Via this setup, the
Medicare beneficiaries will get all the required information
about their Medicare coverage options.
To provide all-around guidance about health and well being,
the store plans to set up events from time to time to educate the
Korean community how to better manage their health. Local small
Korean businessmen will also be provided with the required
UnitedHealthcare already has 22 such stores spread all over
the U.S. UnitedHealth is also aiming to set up similar stores all
around the country to serve other communities.
UnitedHealth is one such health insurer that provides special
treatment to the Asians living in America. The company made a
debut in 1994 when it opened its first shop to serve the Chinese
Given its bent toward serving the Asian population, we expect
the company to penetrate Asiain the near future. The company is
already on its path of international expansion. It has set up
ventures in Brazil as well as Middle East.
The Asian region is the apple of insurers' eyes. They foresee
Asia as an attractive market given its demographic
characteristics, growing middle class population with higher
disposable income and increased awareness about health care.
Some of the health insurance players such as
) have a significant presence in the region.
UnitedHealth carries Zacks Rank #4 (Sell).
Another player in the same industry
) with Zacks Rank #2 (Buy) is worth considering.
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