Overview

• UnitedHealth launched a direct-to-consumer digital platform in September to help people compare and select health plans more easily.
• For Q2 2025, revenue reached nearly $112 billion, up about 13% year over year, as Optum contributed $67.2 billion and the company reiterated at least $16 in 2025 EPS despite expected Amedisys-related dilution.
• The insurer is exiting underperforming Medicare Advantage offerings, including almost 200,000 full-market departures and actions affecting roughly 600,000 people in PPO packages, with commissions pulled on specific PPO plans.
• Management expects roughly 78% of members to be in four-star or higher Medicare plans in 2026, a shift that would lift government payments and support revenue.
• A criminal investigation into Medicare billing practices continues, even as Berkshire Hathaway disclosed a $1.57 billion stake and UBS and Truist maintained Buy ratings.