Healthcare DIVE October 16, 2018
Dive Brief:
UnitedHealth Group kicked off third-quarter earnings season Tuesday morning by reporting 12% increases in both revenues and earnings from operations year over year. The company beat expectations and finished the quarter with $56.6 billion in revenues and $4.6 billion in earnings from operations.
UnitedHealth’s consolidated medical care ratio, also called the medical loss ratio, decreased 40 basis points to 81% in Q3. It attributed that decrease to the return of the health insurance tax.
The company raised its outlook for 2018 net earnings per share to about $12.10 instead of $11.80 to $12.05. The company now expects adjusted net earnings per share of about $12.80 rather than $12.50 to $12.75.
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