CLAIM #58620 · UnitedHealth Group Incorporated (UNH) · 2023Q1 earnings call · Apr 14, 2023 · due Dec 31, 2024
“I said earlier that we are expecting continued robust growth on commercial insurance into ‘24.”
Andrew Witty · CEO
In context
“see that expand down into the middle market currently as the growth of that product continues. And we also are beginning to experience take-up now on a fully insured basis for that product on a risk basis. We shared at the investor conference that Surest was available in 12 states on an insured basis with a year-end target for this year of upwards of 35 states. We currently offer that product in 25 states. So, it is a meaningful contributor to our growth, and we expect it to be so for the remainder of the year and into the future. Thanks for the question, Erin. Andrew Witty: Dan, thank you so much. And I just might add something here, Erin, as well. I mean I think you can see in this Q, you saw it as we rolled into the second half of last year, we are optimistic for the rest of this year. I said earlier that we are expecting continued robust growth on commercial insurance into ‘24. We really feel like this engine has let up again and it’s super important for the organization. Alongside the fantastic growth you are seeing in the government books of business in Medicaid and Medicare. We are now seeing the commercial business really come to the fore again, which is a fantastic thing to see within the company. What you have also just heard a little bit is the way in which Optum is developing its capabilities to be ready to add even more value to the commercial. So, just as that Optum business has built up strength to complement UHC’s leadership in Medicare, for example, you just heard Dr. Decker talking about doing the same thing in commercial. As that growth comes in from Dan’s organization, you can see how that could play out. It’s a super important shift and having a”
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SEC filings for UNH ↗ · Claim quote is verbatim from the 2023Q1 earnings call.