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The Street
  • 2 days ago
Experts warn of potential risks in the oil market as global uncertainty looms.
Transcript
00:00UnitedHealthcare was back in the headlines after missing analyst earnings expectations in cutting its annual profit forecast.
00:07The company said heightened demand for outpatient and physician services in its Medicare Advantage plans was far above forecasted 2025 increases.
00:15Medicare Advantage plans primarily serve older adults and those with disabilities.
00:19United's medical cost ratio rose to 84.8%, suggesting it paid out a larger portion of its collected premiums on insurance claims.
00:27The company now expects to earn between $26 and $26.50 per share, down from its early January estimate of between $29.50 to $30 per share.
00:37The healthcare industry at large has been in focus amid sky-high costs in the 2024 murder of the UnitedHealth CEO, Brian Thompson.
00:45A bellwether of the healthcare sector, United's stock plunged upwards of 20% in pre-market trading with fellow healthcare stocks, Elevance, CVS, Humana, and more, following in its footsteps.
00:54That'll do it for your daily briefing. From New York City, I'm Kelsey Barbario with The Street.

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