Tag: $UnitedHealth Group

UnitedHealth’s high medical costs and lower-than-expected revenue in the fourth quarter underscored persistent challenges at its insurance unit, sending the healthcare conglomerate’s shares down more than 3%.

Health insurance stocks have been on a tear since managed care company UnitedHealth Group last reported earnings in mid-July.

UnitedHealth Group UNH –0.87% posted better-than-expected earnings on Friday and raised its outlook for the rest of the year despite worries that higher utilization in its Medicare Advantage business would be a drag on the company’s performance.

Shares of UnitedHealth Group and other insurance providers tumbled Wednesday after the company said that seniors have been catching up on procedures delayed during the pandemic, leading to rising costs for insurers.