UnitedHealth expects a slowing
Insurer UnitedHealth Group Inc. reported slightly higher fourth-quarter earnings but said an important profitability gauge for its commercial business worsened more than analysts expected in the fourth quarter.
The company, which is trying to overcome past service problems, also projected a steeper enrollment decline for some of its commercial plans in the current quarter.
Fourth-quarter net income at UnitedHealth increased to $1.22 billion, or 92 cents a share, from $1.18 billion, or 84 cents, a year earlier. Revenue rose 3% to $18.7 billion. The company serves 2.5 million Californians through its Cypress-based PacifiCare unit.
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