UnitedHealth reported a third-quarter profit on Friday ahead of analysts' estimates, helped by a lower-than-feared rise in medical costs at the company's health insurance unit. UnitedHealth's profit beat and slight raise in annual forecast set the stage for other insurers in the industry that suffered a nearly $60-billion wipeout in market value in June, on fears of a spike in medical costs. Medical costs for health insurers have stayed low in recent years as the pandemic and related restrictions caused extended delays in elective procedures such as hip and knee replacements, especially among older adults at higher risk of serious disease or death from COVID-19.
UnitedHealth reported a third-quarter profit on Friday ahead of analysts' estimates, helped by a lower-than-feared rise in medical costs at the company's health insurance unit. UnitedHealth's profit beat and slight raise in annual forecast set the stage for other insurers in the industry that suffered a nearly $60-billion wipeout in market value in June, on fears of a spike in medical costs. Medical costs for health insurers have stayed low in recent years as the pandemic and related restriction
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Brockton Hospital in Signature Health is planning to reopen in September for outpatient services and colonoscopies after a February electrical fire. A new ambulatory surgery center will be opening.
Insurers have reported higher demand than expected for health care related to pickleball injuries. It could cost the U.S. up to $500 million in 2023 alone. Pickleball has become a popular hobby for many adults, but the physicality of the game has led to an increase in hospital visits. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of T