Home Business UnitedHealth revenue falls 10% on increased medical prices and deferred elective care

UnitedHealth revenue falls 10% on increased medical prices and deferred elective care

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UnitedHealth Group Inc. headquarters stands in Minnetonka, Minnesota, U.S.

Mike Bradley | Bloomberg | Getty Pictures

Well being insurer UnitedHealth Group stated on Wednesday its quarterly revenue fell 10.3%, weighed down by an increase in medical prices as sufferers started to compensate for elective medical care, beforehand postponed attributable to COVID-19 associated restrictions.

The corporate is the primary amongst giant U.S. well being insurers to report third-quarter earnings, amid investor issues across the influence of the upcoming presidential election in addition to continued strain from the continuing pandemic.

Internet earnings attributable to shareholders fell to $3.17 billion, or $3.30 per share, within the third quarter ended Sept. 30, from $3.54 billion, or $3.67 per share, a 12 months earlier.

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