UnitedHealth beats Q2 earnings but signals rising health costs for employers
UnitedHealth Group beat Wall Street's Q2 earnings expectations, sending its stock up roughly 3%, with CEO Stephen Hemsley calling the new profit level durable. However, comments on the earnings call point to worsening financial strain on employers and workers, as health insurance costs hit new highs. More than 150 million Americans rely on employer-sponsored coverage, and a growing number of small businesses are dropping benefits entirely.
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