Reported about 7 hours ago
UnitedHealth's fourth-quarter revenue fell short of Wall Street expectations, primarily due to struggles in its health insurance segment and unexpected rises in annual medical costs. Share prices dropped nearly 5% following the news. The medical cost ratio increased to 85.5%, exceeding analyst predictions, amid ongoing pressures from high demand for healthcare services. While revenue from its Optum healthcare services unit grew, overall revenue remained below expectations, prompting discussions around challenges faced by the insurance giant.
Source: YAHOO