STAT April 22, 2024
Embracing Wall Street, stiff-arming Congress (for now)
We finally got an answer of how much financial damage the Change Healthcare cyberattack did to UnitedHealth Group: Basically none.
My colleague Tara Bannow listened to the earnings call, and the company’s leaders shrugged off the wide-ranging hack, which will cost UnitedHealth $1.6 billion this year. Executives predicted the company’s full-year adjusted earnings will be unaffected. If you take out the $7 billion charge UnitedHealth had to take on the sale of its Brazil operations, the company still netted $5.7 billion of profit in the first quarter.
But there were a few elephants in the room. The first was the Justice Department’s ongoing investigation into UnitedHealth. It could have been Tara’s imagination, but...
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