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UnitedHealth tops profit estimates on strength in Optum business

UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance companies for

Trump’s decision to kill key Obamacare payments will cost insurers big time through end of year

President Donald Trump’s decision to end key federal payments to Obamacare insurers “will lead to substantial” losses of revenue for health plans, a new analysis finds. Avalere Health said that insurers nationally will lose $1 billion in federal funds as a result of Trump’s dramatic move, unless it is reversed by Congress or halted by court order. The cost-sharing