UnitedHealth CFO says high demand for elective care is expected to affect medical cost ratios
Premiums spent on healthcare costs are expected to reach the upper bound of the MA insurer's full-year outlook.
Photo: Courtesy UHC
Pent up demand among seniors for medical care is expected to affect medical care cost ratios in the second quarter, UnitedHealth Group CFO John Rex said during the Goldman Sachs investor conference, according to Seeking Alpha.
Premiums spent on healthcare costs are expected to reach the upper bound or moderately above the upper bound of its full-year outlook, Rex reportedly said.
Wall Street reacted this week with a drop in stock price for one of the biggest players in the Medicare Advantage market. The Wall Street Journal labeled the elective procedure demand following the end of the public health emergency as "revenge surgeries."
UnitedHealthcare is expected to incorporate the higher level of demand into the prices it sets for plans it offers next year in Medicare Advantage market.
Other health insurance stocks took a dive on the news, including that of Humana, Elevance Health and CVS Health, which owns Aetna.
Twitter: @SusanJMorse
Email the writer: SMorse@himss.org
