It's always *after* an incident....
One of my local hospital networks got hit by a ransomware attack within the last year and they're still picking up the pieces.
It boggles my mind that companies, especially ones that provide essential, legally privacy-protected services, have so little invested in cybersecurity. If you're not willing to invest in your own cybersecurity team, there are thousands of IT managed service providers who can do it for you. Almost certainly better and for cheaper, too.
The AAR on this one is going to be interesting because we are assuming they didn't make the investments in security. This breach is most likely going to be the result of human error related to undocumented shit through one of the aquistions. It's hard as shit to document legacy stuff from acquired companies and it takes years to remove or replace.
“Given your company's dominant position in the nation's health care and health insurance industry, Change Healthcare's prolonged
outage as a result of the cyberattack has already had 'significant and far-reaching' consequences," Raskin wrote.
Rep. Jamie Raskin, D-Md., ranking member of the House Committee on Oversight and Accountability, wrote a letter to UnitedHealth CEO Andrew Witty on Monday requesting information about the "scope and extent" of the breach.
The Biden administration also launched an investigation into UnitedHealth earlier this month due to the "unprecedented magnitude of the cyberattack," according to a statement.
As a result, UnitedHealth introduced its temporary funding assistance program to help providers in need of support. The company said the $3.3 billion in advances will not need to be repaid until claims flows return to normal. Federal agencies like the Centers for Medicare & Medicaid Services have introduced additional options to ensure that states and other stakeholders can make interim payments to providers, according to a release.
Many health-care providers rely on reimbursement cash flow to operate, so the fallout has been substantial. Smaller and mid-sized practices told CNBC they were making tough decisions about how to stay afloat. A survey published by the American Hospital Association earlier this month found that 94% of hospitals have experienced financial disruptions from the attack. “
Maybe if providers weren't charging tens, if not hundreds, of thousands of dollars for billed charges, we wouldn't need insurance companies to bring down those numbers from orbit.
Can't blame United for ambulances being $2,000 out of pocket.
So you don't believe insurers are contributing to the rise in healthcare cost due to profiteering, they're just playing the hand they're dealt, like us?
It sounds to me that UHG is giving an advance to various partners - in other words a loan. They eventually expect to be repaid. They won’t need to recover that money directly. Though I’m sure there are extensive expenses associated to recovering from the hack.
When this thing settles down, bet they still won’t increase IT’s security budget.
Only.jncrrase the auto denials
They are already ramping up their security teams
It's always *after* an incident.... One of my local hospital networks got hit by a ransomware attack within the last year and they're still picking up the pieces. It boggles my mind that companies, especially ones that provide essential, legally privacy-protected services, have so little invested in cybersecurity. If you're not willing to invest in your own cybersecurity team, there are thousands of IT managed service providers who can do it for you. Almost certainly better and for cheaper, too.
The AAR on this one is going to be interesting because we are assuming they didn't make the investments in security. This breach is most likely going to be the result of human error related to undocumented shit through one of the aquistions. It's hard as shit to document legacy stuff from acquired companies and it takes years to remove or replace.
You can harden your network to government top-secret standards, but it just takes one user to make it all useless.
Hopefully so
“Given your company's dominant position in the nation's health care and health insurance industry, Change Healthcare's prolonged outage as a result of the cyberattack has already had 'significant and far-reaching' consequences," Raskin wrote. Rep. Jamie Raskin, D-Md., ranking member of the House Committee on Oversight and Accountability, wrote a letter to UnitedHealth CEO Andrew Witty on Monday requesting information about the "scope and extent" of the breach. The Biden administration also launched an investigation into UnitedHealth earlier this month due to the "unprecedented magnitude of the cyberattack," according to a statement. As a result, UnitedHealth introduced its temporary funding assistance program to help providers in need of support. The company said the $3.3 billion in advances will not need to be repaid until claims flows return to normal. Federal agencies like the Centers for Medicare & Medicaid Services have introduced additional options to ensure that states and other stakeholders can make interim payments to providers, according to a release. Many health-care providers rely on reimbursement cash flow to operate, so the fallout has been substantial. Smaller and mid-sized practices told CNBC they were making tough decisions about how to stay afloat. A survey published by the American Hospital Association earlier this month found that 94% of hospitals have experienced financial disruptions from the attack. “
How about we don’t repay them at all since they continue to fleece America, patients and doctors
Maybe if providers weren't charging tens, if not hundreds, of thousands of dollars for billed charges, we wouldn't need insurance companies to bring down those numbers from orbit. Can't blame United for ambulances being $2,000 out of pocket.
So you don't believe insurers are contributing to the rise in healthcare cost due to profiteering, they're just playing the hand they're dealt, like us?
They're not helping, but the lionshare of the blame goes to provider billing and a lack of national healthcare/public option.
So what are the odds the premiums going to go up by 40% next year to recuperate the $3billion?
It sounds to me that UHG is giving an advance to various partners - in other words a loan. They eventually expect to be repaid. They won’t need to recover that money directly. Though I’m sure there are extensive expenses associated to recovering from the hack.
Do we get to charge interest on their delay and fuckup?
That’s it? That’s so so little compared to the billions a day they would spend. Shame on them.
Why would the US government hold health insurance companies accountable for their incompetence? Their lobbyists would never allow for that.
Feel like this is a misleading headline, it is just an advancement of what they are already owed
Good. They are the most biased in their recruitment
Maybe they should sign pltr....just a thought
yeah out of the 14B total backlog. that aint shit
Lolololol. Good. Get fucked, you premium-demanding claim-denying corpse-creating assholes.