The Educational Foundation of America and Planned Parenthood Federation of America, long-term shareholders in UnitedHealth Group, Inc. (UHG), have submitted a shareholder proposal urging a YES vote on Item No. 4 for the upcoming proxy ballot dated May 28, 2024. The proposal calls for UHG to annually publish a report analyzing the congruence of its political and electioneering expenditures with its publicly stated company values and policies. The co-filers argue that UHG's political contributions have been inconsistent with its stated values and business interests, particularly in areas such as health care policy, environmental sustainability, and LGBTQ rights. They highlight that UHG has donated to politicians and organizations that oppose the Affordable Care Act, reproductive rights, and climate change regulations, which...Show More

The Educational Foundation of America and Planned Parenthood Federation of America, long-term shareholders in UnitedHealth Group, Inc. (UHG), have submitted a shareholder proposal urging a YES vote on Item No. 4 for the upcoming proxy ballot dated May 28, 2024. The proposal calls for UHG to annually publish a report analyzing the congruence of its political and electioneering expenditures with its publicly stated company values and policies. The co-filers argue that UHG's political contributions have been inconsistent with its stated values and business interests, particularly in areas such as health care policy, environmental sustainability, and LGBTQ rights. They highlight that UHG has donated to politicians and organizations that oppose the Affordable Care Act, reproductive rights, and climate change regulations, which contradicts the company's public commitments to these issues. The proposal also points out that while corporate political spending is constitutionally protected, shareholders have the right to ensure accountability for such spending. The co-filers emphasize the importance of transparency in political contributions and the potential reputational risks associated with misaligned political spending. They note that other companies have begun publishing reports on political congruency, suggesting it is becoming an industry best practice. The proposal includes a full text appendix and is voluntarily submitted for public disclosure.