Reportedly, UnitedHealth Group Incorporated’s (UNH) quarterly earnings exceeded estimates with adjusted earnings increasing 18.5% versus a year earlier to $5.57 per share, and 36 cents ahead of estimates. Revenue grew 12.6% to $80.33 billion, clearing estimates of $79.68 billion.
The medical cost ratio paid benefits as a share of premiums dropped to 81.5% versus 82.8% in the year-ago quarter. The company added 55,000 Medicare Advantage members and 180,000 Medicaid members, while domestic commercial membership increased by 80,000. The healthcare giant raised full-year earnings guidance to a range of $21.40 to $21.90, up from $21.20 to $21.70.
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