Photo: Courtesy of UnitedHealth Group
Just after posting $4.1 billion in earnings in the fourth quarter of 2021, UnitedHealth Group finished the calendar year with $17.3 billion in overall financial gain, in accordance to the payer’s latest earnings report.
The company’s total-12 months income grew additional than $30 billion, or 11.8%, to $287.6 billion 12 months in excess of year (YOY), with advancement seen in particular in the Optum and UnitedHealthcare enterprises. Complete-12 months earnings from functions were $24 billion, with Optum accounting for more than fifty percent of that overall.
The entire-year professional medical treatment ratio was 82.6%, in contrast to 79.1% in the 12 months prior, with the improve attributable to higher COVID-19 expenses and the repeal of the wellbeing insurance coverage tax, stated UHG. The health care care ratio was 83.7% in the fourth quarter.
In the meantime, the complete-calendar year running price ratio of 14.8% lowered