Budgeting
Expenses in June were generally down from May but remain extremely elevated from prepandemic levels.
The dip was driven largely by a decline in healthcare price growth relative to economy-wide inflation.
One of the main factors influencing revenue was admissions at its acute care facilities, which were not as high as anticipated.
Key factors include an evolving payer mix, spurred by MA plans, and shifts in sites of care, driven by virtual care and home-based services.
Enrollment would increase by 4.8 million, but it would also increase federal deficits by $246.9 billion over a nine-year span.
Expenses are eroding margins, and it's happening quickly due to elevated labor, supply and capital costs.
Costs are impacted both in the immediate aftermath of a gun violence incident and in the long term due to the physical and mental toll it causes.
Revenue and reimbursement from insurers has not kept pace, resulting in "unprecedented net operating losses" nationally.
Medical enrollment hit 47.1 million members as of June 30, a 6.1% increase from a year ago.
Optum second-quarter revenues of $45.1 billion grew $6.8 billion, or 18%, year-over-year, with double-digit growth in each business.