UnitedHealth shares tumble as insurer cuts forecast on higher medical care costs
- UnitedHealth's shares tumbled Thursday after the company cut its 2025 profit forecast.
- Rising care use among Medicare Advantage customers surprised UnitedHealth, impacting their projections.
- The increase in outpatient and doctor services contributed significantly to higher medical costs.
- CEO Andrew Witty stated, "UnitedHealth did not perform up to our expectations in the first quarter."
- UnitedHealth now anticipates adjusted 2025 earnings of $26 to $26.50 per share due to rising costs.
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