Forbes April 16, 2024
UnitedHealth Group reported Tuesday for the first time the total impact of the cyberattack on its Change Healthcare unit will cost the company between $1.35 billion and $1.6 billion in 2024.
UnitedHealth, which churns out multi-billion-dollar profits every quarter from its diversified portfolio of health insurance and medical care services businesses, reported a $1.4 billion quarterly loss on Tuesday due largely to the sale of its Brazilian business. UnitedHealth incurred a $7 billion charge in the first quarter from the sale of that business, known as Amil, while the cyberattack cost the company $872 million in the first quarter across several of UnitedHealth’s businesses, including the UnitedHealthcare insurance company and several Optum health services units.
Still, UnitedHealth Group chief executive...
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