FILE PHOTO: The company emblem of the UnitedHealth Group seems on the aspect of certainly one of their workplace buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake/File Photograph
July 15, 2021
(Reuters) -UnitedHealth Group Inc reported a 35.7% fall in quarterly revenue on Thursday, as a restoration in pandemic-induced slowdown in elective medical care normalized prices for the biggest U.S. well being insurer.
For the quarter ended June 30, the trade bellwether reported a medical loss ratio – the share of collected premiums spent on medical providers – of 82.8%, in contrast with 70.2% a yr earlier, when sufferers postpone non-urgent care as a result of COVID-19 pandemic.
Almost half of all Individuals have been totally vaccinated in accordance with newest authorities information and each day new COVID-19 circumstances ebbed in Might and June, encouraging individuals to return to medical doctors’ workplaces for routine, non-elective medical care.
Internet earnings attributable to UnitedHealth’s shareholders fell to $4.27 billion, or $4.46 per share within the quarter, from $6.64 billion, or $6.91 per share, a yr earlier.
(Reporting by Manojna Maddipatla in Bengaluru; Enhancing by Anshuman Daga and Shinjini Ganguli)