UnitedHealth Earnings Drop as Congress Considers Breakup Divestiture Bill
UnitedHealth is ranked fourth on the 2026 Fortune Global 500, but 2025 results weakened as operating earnings fell by more than $13 billion and the adjusted medical care ratio rose to 88.9%. A $2.8 billion 2025 charge covered final Change Healthcare cyberattack costs tied to divestitures and restructuring. Congress is also considering a bill to force insurer, PBM and provider separation.