Healthcare DIVE April 16, 2019
Dive Brief:
- UnitedHealth Group’s 2019 first quarter revenue increased about 9% to $60.3 billion thanks to enrollment gains in Medicare Advantage plans, a bump in prescription drug volume and a higher mix of specialty drugs.
- The payer beat Wall Street expectations on earnings and revenue. Earnings from operations increased 19% to nearly $5 billion compared to the prior-year period, according to results released Tuesday and the company hiked its earnings outlook for the year as well.
- UnitedHealth Group CEO David Wichmann also took a shot at calls for a government run Medicare for all type system pushed by many Democratic candidates running for president in 2020 and defended its PBM model.
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