UnitedHealth Group’s share price was down 20% in early trading this morning after the company chopped its earnings outlook for the year due to a surprise jump in medical costs. The Eden Prairie-based health care giant reported Thursday that Medicare Advantage patients used more care than expected during the first three months of the year,

The healthcare giant slashed its 2025 projections, citing higher-than-expected costs for people enrolled in its Medicare plans.

UnitedHealth shares tumbled early Thursday after the company cut its 2025 forecast in the wake of a surprising rise in care use from its Medicare Advantage customers, leading to a worse-than-expected first quarter.