UnitedHealth shares tank 17% as company slashes profit forecast dramatically
1. UnitedHealth's shares plunged 17.4% after a profit forecast cut. 2. Adjusted earnings outlook reduced to $26-$26.50 from $29.50-$30. 3. Disappointing earnings affected by high Medicare costs and minimal beneficiary engagement. 4. Positive changes in Medicare payment rates could benefit the company. 5. UnitedHealth aims to address current challenges and targets long-term growth.