Healthcare Finance News April 17, 2024
Witnesses and members of Congress slam insurers for making money while providers struggle.
The House Subcommittee on Health and witnesses slammed insurers Tuesday for continuing to make money during the Change cyberattack crisis, while hospitals and health systems suffer revenue losses and some physician practices are on the brink of bankruptcy.
At least two representatives called out UnitedHealth Group for not attending the hearing on the Change cyberattack. UnitedHealth Group, the parent company of Change, held its Q1 earnings call on Tuesday.
“UnitedHealth Group chose not to make anyone available today,” said Rep. Cathy McMorris Rodgers, R-Wash.
Insurers have been inflexible in helping providers get claims paid, witnesses said during “Examining Health Sector Cybersecurity in the Wake of the Change...
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