CLAIM #58577 · UnitedHealth Group Incorporated (UNH) · 2022Q4 earnings call · Jan 13, 2023 · due Dec 31, 2023
“Within our commercial offerings, we expect to serve about 1 million additional people in 2023.”
John Rex · CFO
In context
“Advantage member outlook is consistent with the objectives we shared with you in November. We expect to serve up to 900,000 more people in '23 across our individual, group and dual special needs offerings, our 8th consecutive year of above-market growth. This consistent performance underscores the product innovation, benefit stability and high-value seniors have come to rely on from us. Our Medicaid growth outlook for '23 incorporates an expectation that states will resume eligibility redeterminations early in the second quarter. Our objective is to ensure that people will have continuous access to benefits. And when all redetermination activities are eventually completed, we expect to serve even more people than we do today across our state-based commercial and exchange-based offerings. Within our commercial offerings, we expect to serve about 1 million additional people in 2023. Our new and innovative products continue to gain momentum with employers and their employees, which will lead to increasing growth in this market over the next several years. In sum, while this year is just getting started, the early performance we are seeing across our businesses further validates our confidence in the 2023 growth and performance objectives we shared with you just six weeks ago. Now I'll turn it back to Andrew. Andrew Witty: Thanks, John. As we head into 2023, we're determined to build upon the momentum we've just described this morning, further advancing our mission and delivering sustainable earnings growth of 13% to 16% over the long term. And with that, operator, let's open it up for questions. One per caller, please. Operator: [Operator Instructions] We'll take ou”
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SEC filings for UNH ↗ · Claim quote is verbatim from the 2022Q4 earnings call.