Democratic senators question UnitedHealth’s loan collection practices - WSJ
Investing.com -- Two Democratic senators are seeking information from UnitedHealth Group about emergency relief loans provided to healthcare providers following a cyberattack in February 2024, according to a report from the Wall Street Journal.
Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon sent a letter on Wednesday to UnitedHealth Group Chief Executive Stephen Hemsley and Optum Financial Chief Executive Dhivya Suryadevara. The senators expressed concern about how the company is collecting debts from healthcare providers who accepted loans after the cyberattack.
The cyberattack targeted Optum’s Change Healthcare, which is the largest clearinghouse for health insurance claims in the United States. The attack severely disrupted operations, prompting UnitedHealth to establish the Temporary Funding Assistance Program.
According to UnitedHealth, the company provided more than $9 billion in loans through this emergency program to help healthcare providers maintain operations while the systems were compromised.
The senators are now questioning the terms and methods UnitedHealth is using to collect these emergency loans from the affected healthcare providers.
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