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The hackers behind one of the most disruptive health care cyberattacks in U.S. history recently received a payment of $22 million, and experts say this suggests the victims may have just paid the ...
The cyberattack began on Feb. 21 against Change Healthcare, which is a health care technology company that is part of Optum and owned by UnitedHealth Group, according to the American Hospital ...
Health insurers told the U.S. government they would accelerate payments to some healthcare providers indirectly affected by a cyberattack on UnitedHealth Group's technology unit Change Healthcare ...
Healthcare providers from across the sector were also in attendance and voiced their concerns about the ongoing financial and operational impacts of the Change cyberattack. [ 60 ] [ 61 ] As of April 16, 2024, UnitedHealth Group had advanced payments of over $6 billion in assistance to health care providers affected by the cybersecurity attack.
On March 1, 2010, billionaire investor Warren Buffett said that the high costs paid by U.S. companies for their employees' health care put them at a competitive disadvantage. He compared the roughly 17% of GDP spent by the U.S. on health care with the 9% of GDP spent by much of the rest of the world, noted that the U.S. has fewer doctors and ...
A Multiple Employer Welfare Arrangement, or MEWA, is a vehicle through which more than one employer can come together and offer a self-funded plan to employees—a type of co-op. MEWAs are useful for small groups that on their own would not be able to self-fund; for instance, a number of local small businesses, each with a dozen employees, can ...
It launched the payments program in March after a hack at Change Healthcare on Feb. 21 by a group called ALPHV, also known as "BlackCat", disrupted medical insurance payments across the United States.
The employer has to make up the difference that the employee has spent from the flexible spending account but not yet contributed if other employees' contributions do not account for the money spent. The amount the employer loses due to pre-funding may eventually be partially, totally, or more than made up by employees that do not spend all of ...