UnitedHealth revenue beats estimates on progress in medical health insurance unit By Reuters

© Reuters. FILE PHOTO: The company brand of the UnitedHealth Group seems on the facet of certainly one of their workplace buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake

(Reuters) -UnitedHealth Group Inc beat market estimates for quarterly revenue on Thursday on robust demand for its medical health insurance enterprise and progress in its health-services unit Optum.

The insurance coverage business bellwether stated members in its Medicare Benefit (MA) well being plans for folks older than 65 or with disabilities elevated by 900,000 in 2021.

The feedback might allay investor issues over the MA insurance policy, that are funded by the U.S. authorities however administered by personal insurers like UnitedHealth (NYSE:), after rival Humana Inc (NYSE:) slashed its 2022 membership progress view.

UnitedHealth reported adjusted earnings of $4.48 per share, beating analysts’ estimates of $4.31 per share, in line with IBES information from Refinitiv.

It reiterated its beforehand given forecast of adjusted revenue of $21.10 to $21.60 per share in 2022.

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