Bloomberg Businessweek
UnitedHealth Warns of Rising Medical Costs
Jun 14, 2023
UnitedHealth warns of rising medical costs in the healthcare industry, impacting health insurers' stocks. Incredible Health's CEO breaks down the nursing shortage and rising healthcare expenses. The potential benefits of opening up immigration to alleviate labor stress are explored. The hosts analyze J Powell's statements and the uncertainty surrounding the Federal Reserve's decision on monetary policy.
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Quick takeaways
- United Health's shares declined after remarks about rising medical costs and increased percentage of premiums paid for medical costs.
- The unpredictability and disagreement among investors about future hikes or cuts in healthcare costs has created uncertainty in the market.
Deep dives
United Health Group's remarks on surgeries impacting healthcare sector
United Health Group's chief financial officer, John Rex, made remarks about a rebound in surgeries and outpatient care for Medicare patients, which would increase the percentage of premiums paid for medical costs. This caused United Health's shares and other insurers' shares to decline while boosting healthcare providers and device makers' shares.
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