UnitedHealth Group has posted a fall in profit for 2025, related to Medicare funding reductions and costs tied to the Change Healthcare cyberattack. The insurer’s net earnings attributable to its common shareholders fell to $12.1bn in 2025, down 16% from $14.4bn in the previous year. The decrease was partly driven by a $1.6bn charge, net of taxes, in the fourth quarter (Q4). The company also attributed the decline to “accelerating medical cost trends”. Its adjusted medical care ratio rose to 88.9% in ...