January 15, 2019 / 3:00 PM / 7 months ago

UnitedHealth says Medicaid cost issues are short-term

NEW YORK, Jan 15 (Reuters) - UnitedHealth Group Inc said on Tuesday that higher-than-expected medical costs in Medicaid managed care contracts in certain states represent a short-term issue that it has been focused on and continues to work through.

"I don't want to overplay Medicaid here. We have a short-term issue that will take us a little bit of time to work our way out of," Chief Executive Officer David Wichmann said on Tuesday during a conference call with analysts.

Reporting by Caroline Humer Editing by Chizu Nomiyama

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