1. Former employees with UnitedHealth Group’s Optum and its subsidiaries took to social media beginning July 18 regarding another reduction in force they say occurred across parts of the company.
2. UnitedHealth Group CEO Andrew Witty is touting the company’s home healthcare visits for its Medicare Advantage beneficiaries. The comments from the largest MA insurer come shortly after a July Wall Street Journal investigation found that between 2018 and 2021, insurers received $50 billion for diagnoses they added to members’ charts. Many of these diagnoses were “questionable,” according to the investigation.
3. Mr. Witty said the company was “over-optimistic” about how quickly business would return to normal following the Change Healthcare cyberattack.
4. Mr. Witty expects artificial intelligence to create a “fundamental reimagination” of business processes.
5. UnitedHealth Group expects costs associated with the February cyberattack against Change Healthcare to cost around $2.45 billion.
6. UnitedHealth Group executives are telling investors that the pressure on Medicaid margins from redeterminations is likely to be short-lived.
7. UnitedHealth Group posted $4.2 billion in net income during the second quarter of 2024, a 23% decline year over year.
8. Eleven people were arrested during a protest outside UnitedHealthcare’s headquarters in Minnetonka, Minn. over coverage decisions.
9. The cyberattack on Change Healthcare in February significantly disrupted administrative healthcare processes around the country, including some hospitals’ ability to track the effects of a new Medicare Advantage policy from CMS that rolled out earlier this year.
10. The Federal Trade Commission is preparing to sue UnitedHealth Group, CVS Health and the Cigna Group over their pharmaceutical benefit managers’ business practices, The Wall Street Journal reported.
11. UnitedHealth Group and several of the company’s leaders are facing a shareholder derivative lawsuit alleging they failed to disclose that the Justice Department opened an antitrust investigation into the company.
12. UnitedHealth Group named Ed Kaleta as senior vice president of external affairs.
