Medicaid managed care organizations, including Elevance Health, Centene and UnitedHealth Group, are working with states to secure rates that account for sicker patients.
President Donald Trump has long proposed cutting Medicaid, which covers healthcare for lower-income Americans.
UnitedHealth CEO Andrew Witty said on Thursday that healthcare in the U.S. needs to be "less confusing, less complex and less costly" during the company's first earnings call since the murder of Brian Thompson,
In 2024, UnitedHealth Group saw full year revenue grow 8% over 2023 to reach $400.3 billion. Adjusted earnings from operations, excluding costs related to last year’s cyberattack on Change Healthcare and the company’s sale of its South American operations, were $34.4 billion for full year 2024.
UnitedHealth Group reported bottom-line earnings that surpassed estimates despite regulatory challenges impacting revenue.
But high medical costs contributed to results that disappointed Wall Street, and the company’s stock fell on the news that it had made less than analysts expected.
UnitedHealth Group (NYSE:UNH – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. UNH has been the topic of a number of other research reports.
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UnitedHealth Group posted mixed Q4 results, with EPS beating estimates and revenue falling short. The company reaffirmed its 2025 guidance.
UnitedHealth posted a better-than-expected profit in the final quarter of 2024, but revenue fell short as challenges like Medicare funding cuts and a Medicaid enrollment drop hurt. Shares of the health care giant slid early Thursday after it released its first financial report since the brazen shooting of one of its executives outside a New York City hotel touched a national nerve and brought to the surface American frustration over health care access.
FTC stated that the 'Big 3' PBM organisations collectively generated over £5.94 billion ($7.3 billion) in revenue from 2017 to 2022.
UnitedHealth said reduced payments from states for members on Medicaid also weighed during the quarter. Chief Financial Officer John Rex said the company feels confident about its pricing and sees ...