UnitedHealth Boosts Outlook, Sees Less Impact From Covid-19 Costs Next Year

UnitedHealth Group Inc. raised its full-year outlook for 2021 and said the pandemic’s effects on its results matched its expectations, with costs tied to Covid-19 offset by dampened demand for elective healthcare procedures.

The health insurance and healthcare giant, the first major company in the managed-care industry to post its third-quarter results, forecast a full-year 2021 profit after adjustments of $18.65 a share to $18.90 a share, up about 22 cents at the midpoint of the range from its previous guidance.

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