News Headlines Article

UnitedHealth posts 6% higher profit, raises outlook for year
Los Angeles Times

UnitedHealth Group Inc. reported a 6% increase in second-quarter profit and raised its full-year outlook, but the nation’s largest health insurer warned about a tough environment for its Medicare and Medicaid plans as governments face more financial strain.

UnitedHealth Chief Executive Stephen Hemsley, in a conference call with analysts and investors, said that “there continues to be more downward than upward pressure across the healthcare landscape…. State budgets are clearly constrained for Medicaid.”