Fierce Healthcare May 7, 2021
Major national health insurers largely increased their financial outlook for the year in the first quarter, despite warning that plenty of uncertainty remains around the impacts of COVID-19.
UnitedHealth Group was the most profitable company in the first quarter by a wide margin, bringing in $4.9 billion in earnings. The next-highest earner, CVS Health, reported $2.2 billion in profit.
Due to its financial performance, UnitedHealth boosted its earnings guidance for the year to between $18.10 and $18.60 per share. However, the company warned that they were building about $1.80 in unfavorable impact related to COVID into that estimate.
Continuing impacts included “testing and treatment costs; the residual impact of people having deferred care in 2020; and unemployment and other economy-driven...
Today's Sponsors
Today's Sponsor