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Stephen J. Hemsley

UnitedHealth mum on merger mania after posting strong earnings

MINNEAPOLIS UnitedHealth Group beat expectations for second quarter earnings, and raised its financial guidance for the year, according to results released Thursday. Shares of the health insurance company's stock were off in early trading, however, amid analyst concerns that medical costs in the quarter might have grown at a greater than expected rate. UnitedHealth Group's earnings report comes as large carriers are pursuing mergers to get bigger in the face of market changes with the federal Affordable Care Act. UnitedHealth executives refrained from commenting on the shifts. "Certainly, we all recognize this market space has been exceptionally active this quarter,"...

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