UnitedHealth Group Inc. said today it earned less in the fourth quarter of 2020 because of efforts to pay for COVID-19 testing and care, and because of other costs related to the COVID-19 pandemic.
The Minnetonka, Minnesota-based health insurance and health care delivery company became the first life, health or annuity issuer to post its results for the quarter.
David Wichmann, UnitedHealth’s chief executive officer, started off the company’s earnings announcement by talking about the efforts of company employees to get customers and care providers through the pandemic.
“I couldn’t be prouder of the more than 325,000 women and men of this enterprise for their role in advancing a higher performing health system during these times of unprecedented challenges,” Wichmann said. “We are grateful for the human spirit and resolve of our people, including our 125,000 clinicians who, with other frontline health care workers, demonstrated extraordinary collaboration, compassion and innovation.”