UnitedHealth 2Q16 Earnings Call Notes

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UnitedHealth Group (UNH) Stephen J. Hemsley on Q2 2016 Results

Revenue grew 28% y/y, 132m insured

“For second quarter 2016, UnitedHealth Group revenues grew 28.2% year-over-year to $46.5 billion, with all domestic lines posting double-digit growth, as we grew to serve 132 million unique individuals. ”

David Scott Wichmann – President

Medical cost trends growing at 6% per year

“Commercial medical trend remains consistent with the original outlook of 6% plus or minus 50 basis points. Hospital inpatient admissions per person are lower year-over-year across all UnitedHealthcare businesses. Like most years, there are pockets of higher cost trends, including specialty pharmacy and the increasing use of ER and outpatient services this year. Overall, health care cost trends remain in line and controlled.”