# Who are UnitedHealth Group Incorporated's customers? Who does UnitedHealth Group Incorporated earn revenue from?
Canonical: https://valuechain.wiki/unitedhealth-group · Facet: customers · Updated: 2026-09-24T05:25:43.194823+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: UnitedHealth Group Incorporated discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 3 dated sources, 2 of them primary filings (as of 2026-09-24).

### Berkshire Hathaway (high)  → /berkshire-hathaway.md
- metric: Count 5,039,564 shares · 2025-06-30 · Sum of Berkshire Hathaway's two UnitedHealth Group share positions reported on Form 13F
- note: Berkshire Hathaway disclosed 5,039,564 UnitedHealth Group shares in its quarter-end June 2025 Form 13F. The two reported positions had an aggregate filing value of about $1.572 billion.
- [confirms] The Korea Economic Daily (KO, news, published 2025-08-15) https://www.hankyung.com/article/2025081529471: "Berkshire bought more than five million UnitedHealth shares, valued at about $1.6 billion."
- [confirms] SEC EDGAR (EN, filing, published 2025-08-14) https://www.sec.gov/Archives/edgar/data/1067983/000095012325008343/xslForm13F_X02/43977.xml: "The filing reports UnitedHealth Group positions of 1,954,900 shares and 3,084,664 shares."

### 미국 메디케어·메디케이드 서비스센터(CMS) (high)
- metric: Revenue share 44 percent · FY2025 · CMS premium revenue as a share of FY2025 consolidated revenue
- note: CMS is the largest single revenue source through Medicare Advantage, Part D and related programs. In FY2025, CMS premiums represented 44% of consolidated revenue, mostly within UnitedHealthcare Medicare & Retirement.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-02) https://www.sec.gov/Archives/edgar/data/731766/000073176626000062/unh-20251231.htm: "Premium revenues from CMS represented 44% of UnitedHealth Group's total consolidated revenues in 2025."
- [confirms] KFF (EN, analysis, published 2024-11-15) https://www.kff.org/medicare/medicare-advantage-2025-spotlight-a-first-look-at-plan-offerings/: "UnitedHealthcare is offering plans in 2,808 counties in 2025."

### 로드아일랜드주 보건복지국 (high)
- note: UnitedHealthcare of New England provides Rhode Island Medicaid managed care services and receives capitation premiums from the state. The public amendment confirms the SFY2025 rate framework but does not disclose aggregate contract receipts.
- [confirms] Rhode Island Executive Office of Health and Human Services (EN, filing, published 2025-04-07) https://eohhs.ri.gov/sites/g/files/xkgbur226/files/2025-04/UHC_Amend_15B_StandAlone_fully%20executed_20250407.pdf: "The parties desire to amend the Agreement to adjust the capitation rates for SFY 2025."

Reverse side: https://valuechain.wiki/unitedhealth-group/suppliers.md · Ripple: https://valuechain.wiki/unitedhealth-group/ripple.md

---
Full node: https://valuechain.wiki/unitedhealth-group.md · JSON: https://valuechain.wiki/unitedhealth-group.json