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Healthcare providers from across the sector were also in attendance and voiced their concerns about the ongoing financial and operational impacts of the Change cyberattack. [60] [61] As of April 16, 2024, UnitedHealth Group had advanced payments of over $6 billion in assistance to health care providers affected by the cybersecurity attack. [62]
Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $460.3 billion as of December 20, 2024.
Change Healthcare is a vital lynchpin in the complex U.S. system for making and clearing insurance claims, connecting providers to not just UnitedHealth but also to CVS Health's Aetna, Elevance ...
Acting as a pipeline between health care and insurance providers, Change operates 15 billion medical transactions each year, representing more than $1.5 trillion in health care claims, its website ...
Change Healthcare is a key player in the U.S. healthcare system that depends heavily on insurance, processing about 50% of medical claims for around 900,000 physicians, 33,000 pharmacies, 5,500 ...
As the American health care system changed in the 1980s, "one of its hospitals in Arizona lost a contract with the largest health-maintenance organization in the area [and] Humana created its own health insurance plan." [5] In 1993, Humana had become the largest hospital operator in the country, owning 77 hospitals.
The cyberattack began on Feb. 21 against Change Healthcare, which is a health care technology company that is part of Optum and owned by UnitedHealth Group, according to the American Hospital ...
In 2017, the new Republican healthcare bill known as the American Health Care Act was passed by the House of Representatives under President Donald Trump. Although the ACA and the American Health Care Act both propose tax cuts in order to make insurance more affordable for Americans, each of these bills affected Americans in different ways.