UnitedHealth Saw COVID Costs, Care Deferral Rise in 4Q

In the fourth quarter of 2020, health care spending patterns experienced by the country’s largest health insurer “returned to seasonal baselines” even as COVID-19 cases surged all over the U.S. Such is one major takeaway from UnitedHealth Group’s fourth-quarter 2020 earnings report, which offers an instructive look at the unique ways that the pandemic continues to affect health care economics.

During a Jan. 20 conference call with investors, UnitedHealth Chief Financial Officer John Rex explained that two opposing forces caused health care spending to align with historical levels. While the amount that UnitedHealth spent on COVID-19-related care increased compared with the third quarter, overall outpatient activity dipped below baseline as the end of the year drew closer, reflecting the fact that more people started deferring routine and elective care as coronavirus cases rose.

0 Comments
© 2023 MMIT
Leslie Small

Leslie Small

Leslie has been reporting and editing in various journalism roles for nearly a decade. Most recently, she was the senior editor of FierceHealthPayer, an e-newsletter covering the health insurance industry. A graduate of Penn State University, she previously served in editing roles at newspapers in Pennsylvania, Virginia and Colorado.

Related Posts

denied-stamp
May 26

Rising Rate of Claims Denials Suggests Need for Better Payer-Provider Relations

READ MORE
businessman-viewing-news-update-journalism-headline-on-a-laptop
May 26

News Briefs: AHIP CEO Will Step Down in the Fall

READ MORE
a-woman-taking-taxi
May 26

Payers Can Help Tackle Transportation Barriers That Stymie Health Care Access

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today