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UnitedHealth Expects 11% Medical Cost Increase

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NU Online News Service, Nov. 26, 10:27 a.m. – UnitedHealth Group Inc., Minnetonka, Minn., a large managed care company, says it expects medical costs to increase 11% to 12% in 2003, or at about the same rate as this year.

Net premium yields, or premium revenue minus claims costs, should be at least 13%, the managed care company says.

UnitedHealth predicts it will report record revenues and earnings for 2002 and 2003, in part because of strong growth in services for self-funded employee health plans and some growth in traditional, risk-based health insurance programs.