UnitedHealth says 2025 earnings will be worse than expected as high medical costs dog insurers

Financial Performance - UnitedHealth's Q2 earnings missed expectations at $408 per share [2] - Revenues were slightly ahead of expectations [2] - 2025 earnings forecast is at least $16 per share [3] - Street expectations for 2025 earnings were at least $18 per share [4] Guidance and Outlook - UnitedHealth suspended guidance in May and brought back Steven Hemsley as CEO [3] - The company is facing higher costs, higher utilization, and headwinds in Medicare Advantage plans [4] - Optum Health's Q2 revenues were down 7%, and projected to be down 4% for the full year [4] Market Impact - UnitedHealth's 52-week high is $630 [1][6] - The stock is down approximately 45% year-to-date [6] - UnitedHealth is the biggest drag on the Dow Jones Industrials [7] Challenges - V28 reshuffling of Medicare billing is hurting Optum Health's doctor unit [5]