UNH · 10-Q · 2026Q3 · Full report

Inflation Reduction Act Pharmacy Impact

UNITEDHEALTH GROUP INC · 2026-11-03 · Importance 20 · Surprise 24

UnitedHealth attributes part of the increase in operating cash flows for the nine months ended September 30, 2026 to legislative changes under the Inflation Reduction Act affecting pharmacy rebates. The filing does not specify the provisions involved or quantify the Act’s contribution to cash flow. It identifies the effect as one of several drivers, alongside increased earnings, timing of government payments and favorable working-capital dynamics.

Key facts

• Operating cash flows increased because of increased earnings, timing of government payments, other favorable working-capital dynamics and Inflation Reduction Act legislative changes affecting pharmacy rebates. source