Managed Healthcare Executive January 16, 2025
UnitedHealth Group reported a medical care ratio in 2024 of 85.5% compared with 83.2% in 2023.
In 2024, UnitedHealth Group saw full year revenue grow 8% over 2023 to reach $400.3 billion. Adjusted earnings from operations, excluding costs related to last year’s cyberattack on Change Healthcare and the company’s sale of its South American operations, were $34.4 billion for full year 2024.
UnitedHealth Group reported a medical care ratio in 2024 of 85.5% compared with 83.2% in 2023. In a news release, company executives said this increase in the medical care ratio was due to CMS’s Medicare funding reductions, member mix and timing of Medicaid redeterminations. Other factors from the third quarter — increased hospital coding intensity and specialty medication...
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