As Sen. Roger Marshall (R-KS) recently said, “UnitedHealth Group is the Standard Oil of Healthcare.” It has bought virtually every aspect of the healthcare system. In January 2021, it bought one of the biggest health payment systems, Change Healthcare, for $13 billion. In February, it was hit by a cyberattack that exposed millions of personal patient records and delayed reimbursements for doctors, hospitals, and independent pharmacies.
So, on Wednesday, the House and Senate held hearings on these failures of UnitedHealth Group (UHG) with the company’s CEO Andrew Witty.