UnitedHealth, A Bellwether For Insurance Industry, Reports Profit Surge After Cutting Back ACA Participation
The insurer saw rapid growth in its Medicare business, according to its earnings statement for the first quarter of 2017.
The Associated Press:
UnitedHealth 1Q Profit Soars As ACA Business Shrinks
UnitedHealth's first-quarter profit soared 35 percent as the nation's biggest health insurer slashed participation in Affordable Care Act exchanges but grew just about every other part of its business. The insurer also hiked its 2017 earnings forecast on Tuesday, and company shares started climbing shortly after it detailed results. (4/18)
The Wall Street Journal:
UnitedHealth Profits Rise As It Exits Health-Care Exchanges
As the largest U.S. health insurer and the first to report quarterly results, UnitedHealth is typically viewed as a bellwether for the industry’s earnings season, and analysts said its better-than-expected results would likely lift expectations for its managed-care peers. (Wilde Mathews and Hufford, 4/18)