The news caused shares of UnitedHealth and other health insurers, including Humana and Centene, to fall by 6-11%.
Medical device makers and hospital operators saw their shares rise as increased frequency of surgeries means more revenue for them.
UnitedHealth expects its second-quarter medical loss ratio to rise due to pent-up demand for surgeries.
LONDON DAILY ARCHIVE
UnitedHealth Group Reports Rising Costs Due to Increase in Surgeries Among Older Adults
UnitedHealth Group, the largest US healthcare provider by market value, reported that its costs are rising due to an increase in surgeries among older adults covered under Medicare.
14 June 2023 · 22:25 UTC
