STAT+: Despite earnings celebration, UnitedHealth signals more financial pain for employers — SkimNews
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- UnitedHealth Group smashed through investor earnings expectations in the second quarter, with executives saying this new profit level is durable for the foreseeable future.
- UnitedHealth's stock rose about 3% as CEO Stephen Hemsley works to return the company to financial dominance.
- Comments made during Thursday's earnings call signaled a more ominous path ahead for America's businesses and workers, per STAT.
- More than 150 million Americans get their health coverage through a job, underscoring the scale of the employer market at stake.
- STAT is launching a new series chronicling how employer health insurance costs are stretching employers like never before.
- An increasing number of small businesses are abandoning traditional health benefits entirely, forcing workers to seek alternative coverage.
Why it matters: With more than 150 million Americans insured through work, even a strong-earning UnitedHealth is telegraphing that employer health costs will keep climbing. Small businesses are already dropping traditional benefits, and workers are being pushed onto alternative coverage. The gain lands with shareholders while the bill lands with payrolls.
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