One of the key factors driving services inflation has been medical costs. And unfortunately for UnitedHealth Group, those higher costs are pressuring its earnings. Let’s take a look at how the company fared after reporting results. 👀
The health insurer reported adjusted earnings per share of $6.16 on sales of $94.4 billion, topping the expected $5.98 and $92.1 billion. Revenue from its managed care business was better than anticipated, but earnings from operations were lighter. Meanwhile, its health services business revenue and earnings both topped expectations.