News Briefs

✦ UnitedHealth Group’s fourth-quarter 2020 adjusted earnings per share (EPS) fell 35% from the prior year to $2.52, as “care patterns normalized, while COVID-19 costs rose, and further rebates were recognized,” according to a Jan. 20 press release. Revenues for full-year 2020 increased 6.2% from the prior year to $257.1 billion, reflecting growth across the firm’s businesses, including UnitedHealthcare’s Medicare & Retirement segment, which grew revenues by 7.5% to nearly $22.2 billion. The insurer’s full-year medical loss ratio was 79.1%, down from 82.5% in 2019, largely stemming from the return of the Affordable Care Act health insurer fee and disrupted care patterns earlier in the year, but offset by COVID-19 assistance measures and testing and treatment costs, explained UnitedHealth. The company affirmed its 2021 full-year earnings outlook, including $17.75 to $18.25 adjusted EPS. Visit https://bit.ly/360Ff06.

✦ The Pharmaceutical Care Management Association (PCMA) on Jan. 12 filed a lawsuit challenging the HHS rebate rule that was finalized in late November. The lawsuit, filed in the U.S. District Court for the District of Columbia, argued that HHS’s “herky-jerky, last-minute rulemaking process” violated the Administrative Procedure Act and should be invalidated. PCMA, the lobbying trade group for pharmacy benefit managers, asked the court to declare that federal law protects rebates issued to Medicare Part D sponsors under safe harbor regulations. View the suit at https://bit.ly/2KtlNl2.

© 2024 MMIT
Lauren Flynn Kelly

Lauren Flynn Kelly Managing Editor, Radar on Medicare Advantage

Lauren has been covering health business issues since the early 2000s and specializes in in-depth reporting on Medicare Advantage, managed Medicaid and Medicare Part D. She also possesses a deep understanding of the complex world of pharmacy benefit management, having written AIS Health’s Radar on Drug Benefits from 2004 to 2005 and again from 2011 to 2016. In addition to her role as managing editor of Radar on Medicare Advantage, she oversees AIS Health’s publications and manages the health editorial staff. She graduated from Vassar College with a B.A. in English.

Related Posts

clover-health
June 20

Insurtech Investor Talks Highlight Promise of MA Despite Headwinds

READ MORE
businessman-viewing-news-update-journalism-headline-on-a-laptop
June 20

News Briefs: Lawmakers Take Another Stab at Improving Prior Authorization in MA

READ MORE
patient-access-transportation
June 20

Elevance Research Touts Supplemental Benefits’ Impact on Utilization

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