UnitedHealth Group has reported increased revenue and profit for the first quarter of 2017. Following losses in 2015 and 2016 of over $1 billion on the ACA exchanges, the corporation’s pulled back from its 34 state exchange offerings to offerings in only three states this year played a role.
First quarter operating earnings were up by 15 percent year-over-year. The corporation experienced significant growth in Medicare Advantage, and Medicaid memberships and UnitedHealthcare and Optum divisions each posting revenue growth overall. Each of Optum’s three segments, OptumHealth, OptumInsight and OptumRX, posted double-digit revenue growth.
Read more at Modern Healthcare.
Read more at the Associated Press.