The health care giant said a nearly 9% surge in Medicare Advantage customers pushed its total enrollment past 51 million people.
Revenue from that segment grew 18% to about
This can give doctors more flexibility to address issues like whether the patient has a ride to an appointment or enough healthy food to eat.
UnitedHealthcare and other insurers have shown a growing interest in approaches like this with the idea that connecting people to more regular care can help them ward off or at least manage expensive medical conditions.
UnitedHealth's Optum segment turned in a second-quarter operating profit margin of 7.3%. That's bigger than the insurance side but less than expected, Jefferies analyst
He called the miss a blemish in an otherwise “very solid” quarter.
Overall, UnitedHealth Group’s second-quarter earnings grew 19% to more than
The company’s total revenue grew 13% to
Analysts forecast earnings of
FactSet says analysts expect, on average, earnings of
UnitedHealth also said Friday that it will eliminate out-of-pocket costs for insulin and a few other prescriptions for patients covered by some of its fully insured plans. Those are generally sold to small employers.
A company spokesman said the move, which starts next year, will affect about 688,000 people.
Shares of
The stock had been up slightly on the year while the Dow Jones industrial average, of which
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