The actions of UnitedHealth looted the 17.4% before Thursday after the insurer drastically reduced her prognosis of profits for the year after she revealed disappointing profits.
The Healthcare Company, whose main insurance executive was Shooting in the center of Manhattan In December, they cut your adjusted profits from all year to a range or $ 26 to $ 26.50 per share, below $ 29.50 to $ 30 per share.
The firm also reported adjusted income of $ 7.20 per share in the first quarter, below the expectations of analysts of $ 7.29, according to FACTSET.
Andrew Witty, executive director of the firm, acknowledged that UnitedHealth “did not have it to our expectations.”
“We are aggressively addressing those challenges to position ourselves well for the coming years and return to our long -term or 16%earning growth rate,” he continued.
The company blamed high medical costs in its Medicare business, saying that they extended a lot above the expected increase, partly within medical and outpatient services.
The highest costs among Medicare Advantage affiliates flew under the radar until the end of the first quarter, said Unitedhealth.
The firm also cited changes in patients treated under its branch of medical care of Optum. Unitedhealth saw “a 2024 beneficiary participation” unexpectedly as insurance plans left the markets, and a greater impact than the planned “Medicare financing reductions promulgated by the previous administration.”
UnitedHealth could soon feel some relief, since the Trump administration earlier this month announced that it would increase payment rates for Medicare insurers next year. Policy change is expected to generate more than $ 25 billion in additional income throughout the industry.
Unitedhealth also assured that he believes that setbacks “are highly directable during this year”, since it is seen around 2026.
The company reported net income of $ 6.85 per share, above a loss of $ 1.53 per share last year.
It registered revenues of $ 109.6 billion, an increase of almost $ 10 billion of $ 99.8 billion the previous year.
UnitedHealth said it served 780,000 additional customers so far this year.
