UnitedHealth shares rally as health care giant beats 2Q forecasts, eases care use concerns
UnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled revenue growth that balanced a jump in care use United Health beat second-quarter expectations as an acquisition and more Medicare Advantage customers helped balance a jump in care use. The health care giant also raised the low end of its 2023 earnings forecast range on Friday after its profit jumped 8% to $5.47 billion in the quarter. United Health runs a Health insurance Business that covers more than 50 million people, mostly in the United States. It also has an Optum Business that provides care and runs one of the nation’s largest pharmacy benefit managers. Optum revenue jumped 25% to more than $56 billion in the quarter, helped partly by UnitedHealth’s roughly $8 billion acquisition of Change Healthcare. The company also said it squeezed more revenue out of customers served through its Optum Health business, which runs clinics, outpatient surgery centers and provides h...