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UnitedHealth profit beats and it raises 2018 outlook


(Reuters) - UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday posted quarterly profit that beat estimates as it kept medical costs within expectations despite the added demand for services due to a strong flu season and raised its 2018 outlook.Shares of UnitedHealth rose 2.9 percent to $237 in premarket trading.ISI Evercore analyst Michael Newshel said in a research note that he believed the earnings beat came from the Optum business, which includes its pharmacy benefit manager, data analysis and physician groups.UnitedHealth has added more doctors, urgent care centers and ...

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First Published: Tue, April 17 2018. 18:06 IST