Medicaid, MA headwinds pressure payers in Q2. Here’s a look at how major companies fared

Fierce Healthcare August 9, 2024
Paige Minemyer

Medicare Advantage and Medicaid woes continued to plague some major payers in the second quarter, with UnitedHealth Group regaining its crown as the most profitable company in the industry for Q2.

However, the healthcare giant lags behind rival Elevance Health through the first half of 2024, according to a review of company earnings reports conducted by Fierce Healthcare. Through the first six months of the year, UHG has posted $2.8 billion in profit, dragged by the financial effects of the massive cyberattack that hit its Change Healthcare unit in the first quarter.

Elevance Health reported $4.5 billion in profit through the first two quarters. In Q2, UHG reported $4.2 billion in profit while Elevance posted $2.3 billion.

UnitedHealth had an...

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