UnitedHealth Reports Q3 2024 Medical Care Ratio Of 85.2% Compared To 82.3% Last Year
Portfolio Pulse from Benzinga Newsdesk
UnitedHealth reported a Q3 2024 medical care ratio of 85.2%, up from 82.3% last year. The increase is attributed to CMS Medicare funding reductions, medical reserve development effects, and business and member mix. No favorable earnings from medical reserve development were noted.
October 15, 2024 | 10:01 am
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UnitedHealth's Q3 2024 medical care ratio increased to 85.2% from 82.3% last year, influenced by CMS Medicare funding cuts and other factors. This could impact profitability.
The increase in the medical care ratio suggests higher costs relative to revenue, which could negatively impact profitability. The lack of favorable earnings from medical reserve development further supports a potential negative impact on short-term stock performance.
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