AXIOS July 16, 2023
Rising demand for behavioral care and Medicare outpatient procedures are squeezing some of UnitedHealth Group’s business segments but didn’t stop the industry giant from beating Wall Street’s expectations and posting earnings of $5.47 billion in Q2.
Why it matters: The parent of the biggest U.S. health insurer is a bellwether for broad industry trends. Despite higher-than-expected utilization and concern about how that could drive up health costs, the increases were less than some feared, Reuters reported.
- United on Friday reported earnings of $5.47 billion, or $5.82 a share, up from $5.07 billion, or $5.34 a share, a year ago. The insurer also revised its projected year-end earnings upward, sending its share price soaring.
What they’re saying: “Outpatient care...
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