UnitedHealth Group CEO Sees Covid-19 Impact Fading Next Year (1)

May 11, 2021, 1:47 PM

UnitedHealth Group Inc. expects much of the negative impact from Covid-19 to fade next year, Chief Executive Officer Andrew Witty said Tuesday.

“Our Plan A assumption is that Covid impacts start to recede in 2022,” Witty said in an appearance at the Bank of America Securities 2021 Virtual Health Care Conference.

U.S. health insurers mostly reported robust earnings for the first quarter yet were conservative with guidance for the rest of 2021, citing uncertainty amid the pandemic.

UnitedHealth, which owns the largest U.S. insurer and a growing portfolio of care delivery businesses, has told investors it expects a net negative ...

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