Forbes October 15, 2024
UnitedHealth Group reported $6 billion in third quarter earnings thanks to its diversified portfolio of health insurance and medical care provider services that helped overcome costs of a cyberattack on its businesses earlier this year.
The underlying businesses, which generated more than $100 billion in revenue in the quarter, helped overcome $475 million in total cyberattack impacts in the quarter. Net income was $6.06 billion, or $6.51 per share, compared to $5.84 billion, or $6.24 in the year-ago quarter, according to the company’s earnings report released Tuesday.
A cyberattack in February on Change Healthcare triggered chaos for physicians and medical care providers across the country, paralyzing Change Healthcare’s massive billing and payment system. The attack triggered a shutdown of parts...
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