{"id":1972842,"date":"2023-07-14T08:21:02","date_gmt":"2023-07-14T12:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unitedhealth-beats-quarterly-profit-estimates-on-lower-than-feared-costs\/"},"modified":"2023-07-14T08:23:28","modified_gmt":"2023-07-14T12:23:28","slug":"unitedhealth-beats-quarterly-profit-estimates-on-lower-than-feared-costs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unitedhealth-beats-quarterly-profit-estimates-on-lower-than-feared-costs\/","title":{"rendered":"UnitedHealth surpasses profit expectations for the quarter due to lower costs than anticipated."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Funitedhealth-beats-quarterly-profit-estimates-on-lower-than-feared-costs%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1972842&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) -UnitedHealth Group reported a quarterly profit above analysts\u2019 estimates on Friday, as expenses came in lower than feared after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unitedhealth-beats-quarterly-profit-estimates-on-lower-than-feared-costs\/\" title=\"UnitedHealth surpasses profit expectations for the quarter due to lower costs than anticipated.\">industry bellwether flagged rising medical costs due<\/a> to an increase in non-urgent surgeries and outpatient visits, sending shares up about 3% in premarket trading. <\/p>\n<p>The beat comes despite UnitedHealth flagging in June a spurt in the demand for outpatient services and elective surgeries such as hip and knee replacements in recent months, which patients had delayed due to COVID-related restrictions and a shortage of hospital staff.   <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>UnitedHealth has said it was witnessing a higher demand for payouts over medical care in April, May and early June, as Medicare-eligible adults became more comfortable visiting doctors\u2019 offices again, after COVID risks receded.<\/p>\n<p>UnitedHealth\u2019s medical loss ratio \u2013 the percentage of spend on claims compared to premiums collected \u2013 was 83.2%, compared to analysts\u2019 expectations of 83.4%.<\/p>\n<p>The company posted an adjusted profit of $6.14 per share for the second quarter ended June 30, above analysts\u2019 expectations of $5.99, according to Refinitiv IBES data. <\/p>\n<p>The company now expects to earn an adjusted profit of $24.70 per share to $25 per share, compared with $24.50 to $25 previously. Analysts were expecting a profit of $24.82 per share, according to Refinitiv IBES data. <\/p>\n<p>Health insurers faced fluctuating medical costs during the pandemic as hospitalizations initially rose due to waves of infections, and then declined early last year.  <\/p>\n<p>Lower spending on elective surgeries had softened the blow from the higher costs associated with testing and treating COVID.<\/p>\n<p> (Reporting by Bhanvi Satija and Raghav Mahobe in Bengaluru; Editing by Pooja Desai)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/unitedhealth-beats-quarterly-profit\/attachment\/the-corporate-logo-of-the-unitedhealth-group-appears-on-the\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>The Oklahoma Department of Homeland Security carries out a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oklahoma-department-of-homeland-security-makes-child-pornography-bust\/\" title=\"Oklahoma DHS makes child porn bust.\">major child pornography sting<\/a>.<\/h2>\n<p> One <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pa-rep-summer-lee-questions-dod-over-41m-per-year-viagra-spending\/\" title=\"PA Rep. Summer Lee queries DOD on M annual Viagra expenditure.\">suspect faces 20 years<\/a> in prison, in addition to paying restitution to his victims.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Secret Service cleans up White House Marijuana and Cocaine, while Bob Iger tells Hollywood workers to eat cake<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>This week\u2019s NATO summit in Lithuania focused heavily on Ukraine and the bloc\u2019s ongoing conflict with Russia.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>The Internet is still ablaze as the mystery woman, caught on video on an American Airlines flight who began yelling that a fellow passenger was \u201cnot real!\u201d<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>WASHINGTON (Reuters) \u2013 A U.S. federal court rejected the Federal Trade Commission\u2019s request that it order Microsoft to temporarily hold off on\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>By Sarita Chaganti Singh and Aditi Shah NEW DELHI (Reuters) -China\u2019s BYD Co has submitted a $1 billion investment proposal to build\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>SEOUL (Reuters) \u2013 Tesla began selling its Model Y <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mixed-martial-arts-hill-to-vacate-ufc-title-after-suffering-achilles-injury\/\" title=\"MMA champ Hill to relinquish UFC title due to Achilles injury.\">rear-wheel drive car<\/a> on Friday in South Korea at a price of 56.99\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>KUALA LUMPUR (Reuters) \u2013 Malaysian Prime Minister Anwar Ibrahim said on Friday he held a call with billionaire Elon Musk to discuss\u2026<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UnitedHealth Group&#8217;s quarterly profit exceeded expectations, with lower expenses than anticipated. The company had previously warned of rising medical costs due to increased non-urgent surgeries and outpatient visits. As a result, shares rose approximately 3% in premarket trading, despite the earlier warning in June.<\/p>\n","protected":false},"author":66,"featured_media":1972843,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1972842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1972842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1972842"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1972842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1972843"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1972842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1972842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1972842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}