UnitedHealth in the headlines: 10 updates

From its CEO testifying before Congress to the closing of a co-branded Medicare Advantage plan with Walmart, here are 10 updates on UnitedHealth Group Becker's has reported since April 24: 

1. UnitedHealth Group and Amedisys plan to divest more than 100 clinic locations to make its proposed acquisition more palatable to regulators.

2. Utah fined UnitedHealthcare $546,500 for selling unapproved health plans to state residents.

3. UnitedHealth Group's Optum has its own bank, but it has no branches and is dedicated solely to healthcare services.

4. A group of federal lawmakers, including Massachusetts Sen. Elizabeth Warren, sent a letter to Securities & Exchange Commission Chair Gary Gensler asking him to open an investigation into potential insider trading by UnitedHealth Group executives.

5. UnitedHealth Group CEO Andrew was probed by Senate and House committees about both his and the company's hand in what some are calling the biggest cybersecurity disruption to healthcare in American history. 

6. A co-branded Medicare Advantage plan offered by UnitedHealthcare and Walmart will come to an end amid the retailer's decision to close ​​its health centers and end virtual care services.

7. The ransomware group responsible for the Feb. 21 cyberattack on UnitedHealthcare subsidiary Change Healthcare used stolen credentials to remotely access the company's systems, according to testimony from Mr. Witty. 

8. Mr. Witty said it was his decision to pay ransom in an attempt to protect patient data stolen during the February cyberattack against Change Healthcare.

9. UnitedHealth Group CFO John Rex was the highest-paid CFO of a major insurer in 2023. 

10. Mr. Witty was the highest paid out of major payer CEOs in 2023.

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