How the Largest Health Insurer in the US Came to Own a Bank (with Hospitalogy's Blake Madden)
In this episode of Bank Nerd Corner, Kiah welcomes Blake Madden, creator of Hospitalogy and host of Claims Denied, to break down the business of healthcare.
Together they dig into UnitedHealth Group, the only health insurer in the country that owns a bank. Blake maps out UHG's full architecture: its insurance arm, its Optum services division, its pharmacy benefit manager, and its health IT subsidiary, before zeroing in on the financial arm.
When Congress created the health savings account, UHG applied for an industrial bank charter and built what's now known as Optum Bank, which holds…
The skinny
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