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Thursday, October 16, 2014

UnitedHealth says expects medical costs to remain low, (NYSE: UNH)

UnitedHealth Group Inc said on Thursday that medical costs were lower than it anticipated during the third quarter and that it expects spending on healthcare to be at the low end of its expectations in 2015. UnitedHealth executives, speaking during a conference call, also said that the customers that signed up through the new Obamacare exchanges were using services at the rate the company expected. It expects that business to be profitable in 2015.

UnitedHealth Group Incorporated (UnitedHealthcare) is a diversified health and well-being company. Shares of UNH traded higher by 3.98% or $3.27/share to $85.43. In the past year, the shares have traded as low as $66.72 and as high as $88.85. On average, 3639490 shares of UNH exchange hands on a given day and today's volume is recorded at 655080.