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UnitedHealth shares tumble after health care giant reports soaring medical costs in 4Q

UnitedHealth shares tumble after health care giant reports soaring medical costs in 4Q

UnitedHealth Group turned in a better-than-expected fourth quarter but surprised Wall Street with medical costs that soared 16%. Shares of UnitedHealth and other major health care and insurance providers slipped Friday after the company announced results. UnitedHealth has said claims jumped from its Medicare Advantage business as more seniors got heart and orthopedic outpatient procedures.

UnitedHealth shares tumble after health care giant reports soaring medical costs in 4Q

UnitedHealth shares tumble after health care giant reports soaring medical costs in 4Q
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