One of America’s biggest health insurers just issued a warning that healthcare costs are about to soar

Andrew Witty

UnitedHealth Group CEO Andrew WittyReuters

  • An insurance exec warned of higher medical costs as Americans start to get more elective procedures.

  • The comment sent health insurer stocks tumbling on Wednesday.

  • It suggests people are getting care they put off during the height of the pandemic.

Older Americans are starting to get more procedures like hip and knee surgeries, and it’s driving up how much one of the biggest US health insurers is spending on medical care.

UnitedHealth Group expects to spend more of its members’ premiums on medical care in the second quarter, driven by a rise in outpatient

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