Insurance

UnitedHealth Group third-quarter revenue rises on rising healthcare costs

The company’s core insurance business, UnitedHealthcare, had revenue of $87.1 billion, up 16% year over year, driven by growth in its Medicare and Retirement and Community and State segments. UnitedHealthcare currently serves 50.1 million members in the United States, an increase of nearly 800,000 from a year ago. However, operating profit fell 57% to $1.8 billion, reflecting margin pressure from rising utilization and regulatory changes.

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