CLAIM #58755 · UnitedHealth Group Incorporated (UNH) · 2024Q3 earnings call · Oct 15, 2024 · due Mar 31, 2025
“Selling season indications are tracking favorably as we head into ‘25, reflecting continued strong uptake of UnitedHealthcare's innovative offerings.”
John Rex · CFO
In context
“at both Optum and UnitedHealthcare. OptumHealth revenues grew by over $2 billion and are approaching $26 billion. This was driven by an increase in both the number and type of care services we offer and the patients we serve, especially in the home and among those with complex needs. OptumRx revenues grew by over $5 billion to more than $34 billion driven by strength in our pharmacy care offerings, as well as growth in pharmacy benefits management from new customers and expanding specialty services. OptumInsight revenues in the quarter were stable, approaching $5 billion and the nearly $33 billion revenue backlog increased by more than $1 billion from last year. Turning to UnitedHealthcare. Our domestic commercial business has added more than 2.4 million people through the third quarter. Selling season indications are tracking favorably as we head into ‘25, reflecting continued strong uptake of UnitedHealthcare's innovative offerings. Our Medicare Advantage plans on offer this fall balance providing as much benefit stability as possible for seniors, while contending with the CMS funding cuts, IRA changes and expected care patterns. The initial stars ratings for plan year ‘26 for consumers in four-star or better rated plans is largely consistent with what we saw in our initial results last year. As has been the case in recent years, we expect these percentages to increase. In Medicaid, our new state customer expansion and retention performance remains strong, including recent awards in Massachusetts, Colorado, Rhode Island, Florida and Michigan. We hope to continue to support people and families in the post-redeterminations period and are advocating with states to ensure adequate funding and resources for these often un”
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SEC filings for UNH ↗ · Claim quote is verbatim from the 2024Q3 earnings call.