Health
Health Hack Will Burden US With Hundreds of Millions in Costs
- Crisis seen easing with flow of claims nearing normal levels
- UnitedHealth said it has sent $2 billion to doctors, hospitals
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Insurance executives and US health officials believe the worst effects of the Change Healthcare hack are easing and that the industry is in the last mile of the crisis.
A US official said on a call with health insurers on Monday that the Feb. 21 cyberattack on the UnitedHealth Group Inc. subsidiary is expected to cost the health-care system hundreds of millions of dollars, according to people familiar with the discussion. The hack halted billions of dollars in medical payments and left many providers under financial duress.