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UnitedHealth’s 2Q profit slips 2 percent
San Francisco Chronicle

UnitedHealth Group’s second-quarter earnings slipped 2 percent on a rise in taxes and other expenses, but the nation’s largest health insurer still trumped analyst expectations.

The Minnetonka, Minnesota, company also raised the low end of the earnings range it forecasts for this year. Its shares edged up in premarket trading Thursday.

UnitedHealth said revenue gains, particularly in its Medicaid business and through its Optum segment, helped counter the expenses during the quarter that ended June 30. Medicaid is the state-federal program that covers the poor and elderly people.

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