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Stephen Hemsley

UnitedHealth's 2014 Guidance Misses Street View

Ahead of its annual investor conference on Monday, UnitedHealth Group (NYSE:UNH) unveiled earnings and revenue projections for 2014 that missed Wall Street's expectations.The healthcare giant expects to log per-share earnings of $5.40 to $5.60 and revenue of $128 billion to $129 billion.Analysts recently anticipated 2014 earnings of $5.67 a share on revenue of $132.28 billion.In October, UnitedHealth indicated that provisions in the Affordable Care Act, including cuts in government funding for Medicare Advantage, would impact its earnings in the next fiscal year.CEO Stephen Hemsley suggested on a conference call at the time that changes under ObamaCare would likely put UnitedHealth's 2014 outlook at roughly the same level as its current-year guidance.On Monday, the insurer affirmed its 2013 earnings view of $5.40 to $5.50 a share.UnitedHealth's third-quarter profit checked in at $1.57 billion, or $1.53 a share, to meet estimates. It was the first quarter in almost five years that Unite...

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