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                                    What drove UnitedHealth's operating expenses growth in 2023?
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                                        3/29/2025 08:26pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">UnitedHealth's operating expenses growth in 2023 was primarily driven by higher medical and operating costs and the cost of goods sold. 

The company's operating expenses reached $371.62 billion by the end of 2023, which is a significant figure that underscores the impact of these cost factors on the company's financials. The increase in operating expenses reflects the challenges and opportunities inherent in the healthcare industry, where demand for services is rising alongside the cost of providing those services.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak){return {layout:"default",data:[{noData:b,currentQuestion:d,textDescription:E,comeFrom:"AInvestShareLink",events:[],answerSource:k}],fetch:{},error:l,state:{sharePreviewModule:{loadJgySuccess:m,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:k,cache_builder:a,reply_action:"Answer",execute_mode:v,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"What drove UnitedHealth's operating expenses growth in 2023?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"What drove UnitedHealth's operating expenses growth in 2023?\",\"user_id\":\"dp31523463\",\"user_name\":\"\",\"trace_id\":\"ba706dd1-aa0e-4393-a3ce-defb1d7e604d\",\"session_id\":\"ba706dd1-aa0e-4393-a3ce-defb1d7e604d\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:F,title:G,summary:H,full_summary:"You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion\u002Frating\u002Freport or any approach to evaluating individual securities. If you wish to go to ZacksTrade, click OK. If you do not, click Cancel. OK Cancel UnitedHealth Group Incorporated (UNH Quick QuoteUNH - Free Report) is aided by a well-performing government business, owing to increasing premiums and numerous contract wins. The pursuit of buyouts, a solid financial position and a robust 2023 outlook are other tailwinds. Zacks Rank & Price Performance UnitedHealth Group currently carries a Zacks Rank #3 (Hold). The stock has gained 11.8% in the past three months compared with the industry’s 9.2% rise. Image Source: Zacks Investment Research Rising Estimates The Zacks Consensus Estimate for UnitedHealth Group’s 2023 earnings and revenues is pegged at $24.83 per share and $368.2 billion, respectively, indicating an improvement of 11.9% and 13.6% from the year-ago reported figures. UNH boasts an impressive surprise record. Its earnings outpaced estimates in each of the trailing four quarters, the average being 3.4%. Solid Return on Equity UnitedHealth Group’s efficiency in utilizing shareholders’ funds can be substantiated by its trailing 12-month return on equity of 26.7%, which remains higher than the industry’s average of 23.2%. Robust 2023 Outlook UnitedHealth Group anticipates revenues between $357 billion and $360 billion, the mid-point of which indicates an improvement of 10.6% from the 2022 reported figure. Adjusted net earnings per share are estimated to be between $24.70 and $25 for the year. The mid-point of the updated guidance suggests 12% growth from the 2022 figure. 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drove UnitedHealth's operating expenses growth in 2023?","ba706dd1-aa0e-4393-a3ce-defb1d7e604d","stock","progress\u002Fsearching_for",1000,"searching_for","llm_generated","ths_ainvest_lite_web",null,0,"other\u002FopenAnswer","📝 What were UnitedHealth's main cost drivers in 2023?","🔎 What is the current analyst consensus on UnitedHealth's future expenses?","🌏 How did UnitedHealth's operating margin change in 2023?","STR","dp31523463","169","auto","agent","aff75de0e120fe72","explain news events","thinking","The user wants to analyze what drove the increase in UnitedHealth's operating expenses in 2023. I should focus on its operating expense data, revenue data, and the specific reasons behind the increase in operating expenses. I will use FinQuery for the data mentioned above; use Search for the reasons; use StockNews for news about the company.","signal","rich_text","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","UnitedHealth's operating expenses growth in 2023 was primarily driven by higher medical and operating costs and the cost of goods sold. \n\nThe company's operating expenses reached $371.62 billion by the end of 2023, which is a significant figure that underscores the impact of these cost factors on the company's financials. The increase in operating expenses reflects the challenges and opportunities inherent in the healthcare industry, where demand for services is rising alongside the cost of providing those services.",2,"Here's Why You Should Hold UnitedHealth Group (UNH) Stock Now","UNH expects operating cash flow in the range of $27-$28 billion in 2023. UNH currently carries an impressive Value Score of B. Key Concerns The health insurer has been experiencing an increase in operating expenses due to higher medical and operating costs and the cost of goods sold. Such expenses c...","https:\u002F\u002Fwww.zacks.com\u002Fstock\u002Fnews\u002F2161627\u002Fheres-why-you-should-hold-unitedhealth-group-unh-stock-now","2023-10-06","aff75de0e120fe72_2","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","NONE","typewrite",1743251169600,999,2001,"UnitedHealth's operating expenses growth in 2023 was primarily driven by higher medical and operating costs and the cost of goods sold[^2]",". \n\nThe company's operating expenses reached $371.62 billion by the end of 2023, which is a significant figure that underscores the impact of these cost factors on the company's financials. 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