Becker's Healthcare July 16, 2024
UnitedHealth Group executives told investors pressure on Medicaid margins from redeterminations is likely to be short-lived.
The company reported its second quarter earnings July 16. The company’s medical loss ratio was 85.1% in Q2, up from 83.2% in the second quarter of 2023.
A”timing mismatch between the current health status of remaining Medicaid members and the state rate update” is one factor driving increased medical costs, UnitedHealth Group CFO John Rex told investors on a July 16 call.
Mr. Rex said he expects the mismatch to be resolved in the coming months.
UnitedHealth Group and other payers warned redeterminations were putting pressure on their Medicaid businesses in May. The comments caught investors’ attention, sending managed care...
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