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Shares of UnitedHealth Group fell 5% before the bell on Wednesday after the health insurer warned of a spike in medical costs in the second quarter as more older adults undergo non-urgent procedures... | June 14, 2023
'More seniors are just more comfortable accessing services for things that they might have pushed off a bit like knees and hips,' the health insurer says.
Seniors are scheduling procedures they postponed during the pandemic. That's hurting health insurers' stocks and helping hospital operators.
UnitedHealth Group Inc (NASDAQ: UNH) shares are trading lower Wednesday after the company's CEO highlighted an increase in elevated volumes of non-urgent surgeries, which has increased fears of higher costs for insurers.
-Health insurer stocks dropped sharply on Wednesday after UnitedHealth said costs were on the rise for the largest U.S. healthcare provider by market value due to an increase in surgeries among older... | June 14, 2023