Financial

UnitedHealth Group’s health services arm, Optum, is shuttering three community centers in the Kansas City area. Optum’s website showed its Converge KC facility in Kansas City, Mo., the Millcreek facility in Shawnee, Kan., and its North Kansas City, Mo., location…

Pittsburgh-based Highmark Health reported $24.6 billion in revenue, a $204 million operating loss, and a $69 million net loss in the first nine months of the year. Allegheny Health Network reported revenue of $4.2 billion during the period and an…

Angle Health raised $134 million in series B funding to scale its benefits platform, according to a Dec. 3 news release. The company secured a mix of debt and equity, with total funding reaching nearly $200 million. Portage led the…

Curative raised over $150 million in series B funding, bringing its valuation to $1.275 billion, according to a Dec. 2 news release. The startup, formerly a COVID-19 testing company, offers health insurance plans with no out-of-pocket costs — as long…

Pittsburgh-based UPMC reported a turnaround in operating income in the third quarter, in part due to an improved underwriting margin within the system’s health plan. UPMC posted an operating income of $45.6 million (0.5% operating margin) in the third quarter…

Blue Cross and Blue Shield of Massachusetts reported a year-to-date net loss of $101.4 million on revenue of $7.7 billion (-1.3% net margin) and expects to end the year with operating and net losses. The most recent financial results reflect…

CMS released 2026 premium and cost-sharing amounts for Medicare Parts A and B on Nov. 14, with significant increases across most categories. The standard monthly Part B premium will increase to $202.90, up $17.90 from $185 in 2025, or a…

The nation’s largest payers have filed their third-quarter earnings reports, revealing which companies recorded the largest profits for the three months ended Sept. 30.  1. UnitedHealth Group: $2.3 billion  Total net income in the third quarter was $2.3 billion. UnitedHealthcare’s…

Humana documented a net income of $195 million for the third quarter of 2025, down from $480 million during the same period last year, according to a Nov. 5 earnings release. The company reported $32.65 billion in total revenue, an…

CVS Health President and CEO David Joyner highlighted Aetna’s “renewed vigor” during an Oct. 29 earnings call.  Despite CVS’ $4 billion loss in the third quarter, the company’s healthcare benefits segment generated $36 billion in revenue, a 9% year-over-year boost.…