Healthcare
Healthcare Plans
$556.98B
440K
Key insights and themes extracted from this filing
Total revenue for Q2 2024 reached $98.9B, a 6% increase compared to Q2 2023. This growth was fueled by a 5% rise in UnitedHealthcare revenue and a substantial 12% jump in Optum revenue.
Medical costs saw a 9% YoY increase, reaching $65.5B in Q2 2024. This was attributed to higher patient volumes in Medicare Advantage, higher acuity patients, growth in commercial offerings, and costs associated with the Change Healthcare cyberattack.
Diluted EPS for Q2 2024 was $4.54, down 23% from $5.82 in Q2 2023. This decrease was primarily due to the loss on the sale of South American subsidiaries and costs related to the Change Healthcare cyberattack.