UnitedHealth lifts 2022 profit outlook on healthcare services unit's
strength
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 [July 15, 2022]
(Reuters) - UnitedHealth Group Inc
raised its full-year profit forecast for a second straight quarter on
Friday, buoyed by strong sales at its Optum healthcare services unit.
The company operates one of the largest U.S. health insurance businesses
that offers government and employer-backed health plans, as well as the
Optum unit which manages drug benefits and provides medical services.
The Optum unit has been helping UnitedHealth withstand volatility in its
health insurance business from pandemic-induced changes in patients' use
of medical services.
Revenue at the unit rose 18% to $45.1 billion from a year earlier.
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The corporate logo of the UnitedHealth Group appears on the side of
one of their office buildings in Santa Ana, California, U.S., April
13, 2020. REUTERS/Mike Blake
 UnitedHealth said it now expects
2022 adjusted profit between $21.40 and $21.90 per share, compared
with $21.20 to $21.70 per share forecast earlier.
Net income attributable to the company rose 18.8% to $5.07 billion
in the second-quarter.
(Reporting by Amruta Khandekar and Manas Mishra in Bengaluru;
Editing by Vinay Dwivedi)
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