Managed Healthcare Executive July 16, 2024
UnitedHealth is still feeling the impact of the Change Healthcare cyberattack.
For the second quarter of 2024, UnitedHealth’s earnings reached $98.9 billion, up almost $6 billion from the same quarter last year. The increase, company executives said, reflect growth at Optum and UnitedHealthcare. Second quarter adjusted earnings from operations were $8.7 billion and include business disruption from the Change Healthcare cyberattack.
The second quarter 2024 reported medical care ratio of 85.1%, which is an increase from the second quarter 2023 medical care ratio 83.2%. Executives said this was to accommodate support of providers after the cyberattack and for South America. UnitedHealth completed the sale its Brazil-based health insurance company and it plans to sell the remaining South American operations.
UnitedHealthcare...
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