Becker's Healthcare July 17, 2023
UnitedHealthcare is expecting medical costs among the Medicare Advantage population to keep rising, the company’s top executives said.
A higher rate of outpatient procedures among older adults is contributing to rising medical utilization rates, executives told investors on a July 14 investor call transcribed by Seeking Alpha.
UnitedHealth Group CFO John Rex said cardiac and orthopedic procedures increased at a greater rate than other outpatient care.
“As we developed and filed our 2024 Medicare Advantage offerings, we assume that these levels of heightened care activity will persist throughout next year. Overall care activity among our Medicaid and commercial populations is consistent with our expectations,” Mr. Rex said.
UnitedHealth Group posted $5.5...