Connect with us

Hi, what are you looking for?

Uncategorized

UnitedHealth slips as CFO warns of higher expenses, sending peers lower

© Reuters.

Investing.com — UnitedHealth Group (NYSE:) shares dropped in premarket U.S. trading on Wednesday after Chief Financial Officer John Rex warned that a recent increase in elective surgeries by older adults may lift costs.

Speaking at a Goldman Sachs investor conference, Rex said this trend could push the group’s medical care cost ratio — a measure of the amount it spends on claims as opposed to the premiums it pockets — toward the upper range of its full-year forecast in the second quarter.

According to FactSet data, analysts expect the company’s medical cost ratio to be at 82.6% for the three-month period, up from 82.2% in the prior quarter.

“We believe the comments are likely to weigh on the entire group,” analysts at Oppenheimer said in a note.

Other health insurers, including Aetna-owner CVS Health Corp (NYSE:), Humana Inc (NYSE:) and Elevance Health Inc (NYSE:), were all dragged lower in the wake of the comments. The firms had been boosted by the delay of non-urgent surgeries like hip and knee replacements during the pandemic.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Blogs Renault – 2 Constructors’ headings, 2 Rider headings: golf betting betway McLaren – 9 Constructors’ titles, twelve Driver headings FIA releases F1 2025...

Uncategorized

Urządzenia tego typu, zwłaszcza przy wersji demo, potrafią prosto przedłożyć zawodników do norm hazardu sieciowy. Teraz slotów jest na gałęzi tabun, najpozytywniejsze spośród nich...

Uncategorized

Articles Wonder Competitors: All Up coming Characters, Team-Ups and you will Maps Master Shark Faq’s: Ways to Your Greatest Questions relating to Wazdan’s Preferred...