HEALTH CARE un-covered • 339 implied HN points • 01 May 24
- Andrew Witty, the CEO of UnitedHealth Group, is facing tough questioning from Congress about a serious hacking incident that affected payments to doctors and hospitals. This is a crucial moment for him as lawmakers want clear answers.
- UnitedHealth's revenue has grown significantly, making it one of the largest companies in the U.S. healthcare system. Witty might downplay the company’s size, but it has grown from $87.1 billion in 2009 to $371.6 billion last year.
- Witty may argue that the company’s large financial resources help in recovering from incidents like the hack. However, critics suggest that such wealth is a result of harmful business practices that strain healthcare providers.