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00:02UnitedHealth Group beat third-quarter earnings expectations and raised its full-year profit
00:07outlook as investments in value-based care and artificial intelligence helped the company
00:11manage high medical costs, according to CNBC. Third-quarter adjusted earnings came in at $4.69
00:17per share on revenue of $112.69 billion, beating analyst expectations of $4.14 per share and $111.40
00:27billion. The healthcare giant raised its full-year adjusted earnings outlook to at least $20.50
00:33per share, up from $19.50 to $20. UnitedHealth's medical cost ratio reached 88.4%, below the
00:41expected 89.9%, as the company continued managing elevated medical expenses.
00:47CFO Wayne DeVite said investments in value-based care are helping control costs by shifting
00:52patients toward lower-cost care settings. The company is also expanding its use of artificial
00:57intelligence to reduce administrative burdens. Shares rose about 3% in pre-market trading.
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