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Stock impact report

U.S. health insurers benefit as elective care cuts offset coronavirus costs [Reuters]

UnitedHealth Group Incorporated (DE) (UNH) 
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am Check Earnings Report
US:NYSE Investor Relations: unitedhealthgroup.com/investors.aspx
Company Research Source: Reuters
U.S. health insurers benefit as elective care cuts offset coronavirus costs NEW YORK (Reuters) - As Americans delay elective surgeries and avoid doctors and hospitals during the coronavirus pandemic, healthcare spending declines have more than offset the added costs of COVID-19 care, insurance executives and experts say, boosting U.S. health insurer profits. Those gains, however, could be short term, depending on how quickly the coronavirus outbreak subsides and healthcare business begins to return to something close to normal. UnitedHealth Group Inc ( UNH.N ), the largest U.S. health insurer, last week posted first-quarter earnings above Wall Street expectations and kept its profit forecast in place for 2020, despite an economy battered by massive layoffs and business shutdowns to slow the spread of the virus. When Anthem Inc ( ANTM.N ), Humana Inc ( HUM.N ) and Cigna Corp ( CI.N ) report their first-quarter results this week, Wall Street analysts expect a similar trend. CVS Show less Read more
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