Repeats with no change to text
NEW YORK, June 2 (Reuters) - UnitedHealth Group's UNH.N new CEO Steve Hemsley on Monday apologized for the company's recent earnings underperformance, and vowed it will curb rising costs in its insurance business and optimize quality in its health services moving forward.
"We are well aware we have not fulfilled your expectations or our own. We apologize for that performance, and we're humbly determined to earn back your trust and your confidence," Hemsley said at the company's annual shareholder meeting.
Hemsley replaced former CEO Andrew Witty in May, following the healthcare giant's first earnings miss since 2008. Along with the appointment, UnitedHealth suspended its earnings outlook, as it weighed higher-than-expected costs in its Medicare Advantage unit for adults 65 and older and people with disabilities.
(Reporting by Amina Niasse; Additional reporting by Sriparna Roy in Bengaluru, Editing by Franklin Paul)
((amina.niasse@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。