UnitedHealth Quarterly Profit Beats As Medical Costs Stay Low

Reuters2023-01-13

UnitedHealth Group Inc(UNH.N)on Friday reported a quarterly profit that beat Wall Street estimates, helped by lower medical costs, boost from its Optum health services unit and strength across its large health insurance business.

Health insurers' costs have varied during the pandemic, but due to nationwide vaccination program COVID-related hospitalizations have reduced over the last one year, thereby easing medical cost.

UnitedHealth stock gains 0.8% as Q4 beats top and bottom line consensus.

Optum includes UnitedHealth's pharmacy benefit management business that helps negotiate the terms of coverage between health insurers, their clients and drug manufacturers.

Excluding items, the company reported a profit of $5.34 per share for the fourth quarter ended Dec. 31, beating the average of analysts' estimates of $5.17 per share, according to Refinitiv IBES data.

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mrzhuge
2023-01-13
mrzhuge
Wow

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