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Congress Making Inquiries into Change Healthcare Attack

UnitedHealth Group announced that the attack negatively impacted their first-quarter 2024 earnings by $872M. They estimate the total cost of the attack at approximately $1.6B. This incident raises questions about the U.S. government’s regulatory oversight, particularly concerning mergers and acquisitions. These have allowed UnitedHealth Group to become overly dominant, making the healthcare system too reliant on a limited number of essential providers.

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