Forbes January 16, 2025
UnitedHealth Group reported $14.4 billion in 2024 profits including $5.5 billion in the fourth quarter as its portfolio of health insurance and provider services overcame rising medical expenses and an historic cyberattack on its businesses.
The company’s annual net income – the lowest in five years – dropped from more than $22 billion in 2023 as the company grappled with a costly cyberattack on its Change Healthcare business. Meanwhile, the company experienced higher-than-normal costs in its health insurance plans from treating a surge of patients, particularly seniors in Medicare Advantage plans.
UnitedHealth Group, a nationwide provider of medical care services under the Optum umbrella and a company that manages and pays for benefits through its UnitedHealthcare health insurance plans, said...
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