Healthcare DIVE July 16, 2024
The healthcare giant’s new estimate is roughly $1 billion higher than previous forecasts as the cyberattack on subsidiary Change Healthcare continues to hamper its profit outlook.
Dive Brief:
- UnitedHealth’s costs of recovering from the massive cyberattack on its payments processor are shaping out to be higher than the healthcare behemoth originally thought, according to new financial projections.
- On Tuesday, UnitedHealth raised its full-year outlook for the total cyberattack impacts to between $2.3 billion and $2.45 billion, up roughly $1 billion from its previous expectations.
- The Minnetonka, Minnesota-based company reported a profit of $4.2 billion in the second quarter, down from almost $5.5 billion same time last year in large part due to costs from the cyberattack, which is shaping...
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