UnitedHealth forecasts 2020 earnings, midpoint below estimates

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Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecas...

FILE PHOTO: A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/Illustration/File Photo

- Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecast for 2020, the midpoint of which was below analysts’ estimates. The company said it expects 2020 earnings between $16.25 and $16.55 per share, compared with analysts’ estimates of $16.46 per share, according to Refinitiv data.

UnitedHealth, however, said it expected revenue of $260 billion to $262 billion for 2020, largely above Wall Street expectations of $260.81 billion. The insurer said in October that it was targeting earnings growth of between 13% and 16% in the long term.

 

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Oh no... did they accidentally approve a few treatments that patients needed?

The concept that “healthcare” should be free is truly perverse.

What's wrong with healthcare in the US in one headline.

All those pesky sick people cutting into our profits and bonuses!🤨

No one should be profiting off of 'healthcare'.

UHC Guess they will have to deny more medical claims to increase their profit

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