Revenues for all of the top nine publicly traded U.S. managed care insurers are expected to be up year over year in the first quarter of 2022, S&P Global said April 19.
UnitedHealth Group was the first to announce its first quarter earnings report. The company reported $80.1 billion in first quarter revenues, representing 14.2 percent growth year over year.
UnitedHealth CFO John Rex said in the April 14 earnings call that COVID-19 incidence varied dramatically in the first quarter, according to S&P Global. At one point in January 40,000 policyholders were in the hospital for COVID-19-related reasons. That figure fell to 2,000 policyholders by March.
Mr. Rex also said that deferred care during the worst of the pandemic does not seem to have led to higher levels of acuity that had been previously anticipated, S&P Global reported.