AXIOS October 14, 2020
Health care’s third-quarter earnings season has started, and if the quarter is anything like the previous one, the industry will continue to fare relatively well even amid the broader economic turmoil.
The bottom line: The coronavirus dominated the spring and summer, which forced people to put off care, but people have resumed getting procedures and seeing their doctors.
Between the lines: The second quarter was extremely profitable for health insurers — UnitedHealth Group, for example, posted its highest-ever profit.
- Health insurers still aren’t paying as many medical claims as before the pandemic, which likely will keep their profit figures at high levels.
Yes, but: The persistent amount of coronavirus cases is no longer stunting all demand for pharmaceuticals,...
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