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Senators demand UnitedHealth own patient data hack
  + stars: | 2024-06-07 | by ( Sean Lyngaas | ) edition.cnn.com   time to read: +4 min
Federal law known as the Health Information Portability and Accountability Act (HIPAA) generally requires health care providers to notify people within 60 days of discovering a breach affecting their personal health data. The Department of Health and Human Services is already investigating whether UnitedHealth is compliant with HIPAA obligations to protect patient data. HHS can use HIPAA to fine companies for failing to protect patient data. The department announced a $4.75 million settlement in February with a nonprofit hospital system in New York for “data security failures” that the department said resulted in an employee stealing and selling patient data. On May 31, the HHS Office for Civil Rights clarified that health care providers can delegate that obligation to Change Healthcare.
Persons: Andrew, New Hampshire Democratic Sen, Maggie Hassan, Tennessee Republican Sen, Marsha Blackburn, , Eric Hausman, Hassan, Blackburn, Sen, Ron Wyden, UnitedHealth’s Organizations: Washington CNN, UnitedHealth, New, New Hampshire Democratic, Tennessee Republican, of Health, Human Services, CNN, HHS, Healthcare, Civil Rights, American Hospital Association, Optum, Capitol, Senate, Oregon Democrat, Federal Trade Commission, Securities and Exchange Commission, SEC Locations: New Hampshire, Tennessee, New York, Wyden
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHealth and Human Services Department opens probe into hack at UnitedHealth’s Change HealthcareCNBC's Bertha Coombs joins 'The Exchange' to report the latest on United Health Group's cybersecurity hack.
Persons: Bertha Coombs, United Health Group's Organizations: Health, Human Services Department, United Health
UnitedHealth flexes market and political power
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, April 14 (Reuters Breakingviews) - UnitedHealth (UNH.N) powered on in the first quarter. Revenue grew 15% compared with the same period last year as the firm added about 2 million customers to its insurance arm. The company’s Optum division, which provides medical care among other things, expanded even faster as it keeps adding services. Health insurance is a highly concentrated business, giving UnitedHealth power over markets in which it operates. Further cuts may be a risk, but history suggests UnitedHealth will keep chugging along.
Spooked dealmakers scurry back into their foxholes
  + stars: | 2023-03-23 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +8 min
NEW YORK, March 23 (Reuters Breakingviews) - Jonathan Kanter, a lawyer by training, has become something of a magician. Pay closer attention, however, and Kanter is methodically rewriting a decades-old regulatory playbook. Last year, these breakup charges reached their highest level in a decade, at an average 4.5% of deal prices. The Department of Agriculture partnered with the DOJ on the case, another feature of Kanter’s plan of attack. As legal weaknesses emerge, dealmakers should be in position to better structure transactions and defend themselves at trial.
U.S. trustbusters’ red faces match legal red tape
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
A UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. REUTERS/Lucy Nicholson/IllustrationNEW YORK, Sept 20 (Reuters Breakingviews) - America’s antitrust enforcers can’t catch a legal break. Unless they start scoring court wins, competition hawks’ legacy may be less stopping M&A than making it more painful. UnitedHealth’s victory, which followed 20 months of investigation and litigation, confirms that merger reviews generally are becoming more onerous. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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