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UnitedHealth’s 1Q profit falls 14%
Modern Healthcare

UnitedHealth Group’s first-quarter net income dropped 14%, as the nation’s largest health insurer paid out more for medical claims and booked a smaller gain due to leftover insurance claims.

The Minnetonka, Minn., company also said Thursday it still backs a forecast it made last November for 2013 earnings to range between $5.25 and $5.50 per share, but it expects less revenue because a big client changed its insurance coverage.