Analysis Shows Univera Healthcare's Economic Impact to Upstate NY
Univera Healthcare and its Rochester-based parent company pumped $852 million into the upstate New York economy in 2015 according to data compiled using an economic modeling tool from the U.S. Bureau of Economic Analysis. That economic impact is above and beyond the $5.1 billion the company paid out in medical benefits on behalf of its 1.5 million members.
“We’re proud to be a locally based health plan that serves not only the health and wellness needs of our members, but also the economic health of the upstate New York communities we call home,” said Art Wingerter, Univera Healthcare president.
The company employed 5,650 people across upstate New York in 2015, including about 500 based at Univera’s headquarters in Williamsville. Univera also maintains a Southern Tier office on West 3rd Street in Jamestown.
While Univera and its parent are nonprofit and exempt from some taxes, the company paid $498 million in federal, state and local taxes and fees in 2015.
The analysis is summarized in an infographic that can be found at this link: http://tinyurl.com/jcymqpa
Univera Healthcare has served the eight counties of Western New York for 40 years, and its parent has served upstate New York for more than 80 years.