UnitedHealth Group says the impact from the cyberattack last year at its Change Healthcare subsidiary is much wider than previously understood, affecting roughly 190 million patients — up from previou

About 190 million Americans may have been affected by a cyberattack targeting UnitedHealth‘s subsidiary, Change Healthcare. The breach, which disrupted the company’s IT systems, resulted in the compromise of sensitive personal and medical information.

The financial fallout has been severe. Profits for the company dropped by over a third in 2024, falling from around $22.3 billion in 2023 to approximately $14.4 billion last year. The projected total cost of recovery and remediation efforts is estimated to be between $2.3 billion and $2.5 billion.

UnitedHealth Group reported $14.4 billion in 2024 profits as its UnitedHealthcare health insurance and Optum provider services overcame rising costs and a cyberattack.

In its first results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections.

UnitedHealth Group said veteran internal executive Tim Noel will succeed the late Brian Thompson as CEO of UnitedHealthcare, the nation’s largest health insurance company.

UnitedHealth Group Inc (UNH) stock saw a modest uptick, ending the day at $532.51 which represents a slight increase of $2.74 or 0.52% from the prior close of $529.77. The stock opened at $528.11 and touched a low of $524.

All Minnesota locations are now closed as leaders at the Eden Prairie-based health care giant cite a strategy shift to full-service clinics.

UnitedHealth reported fourth-quarter results on Thursday that reflected persistent challenges for the health insurance sector.

The Investment Committee give you their top stocks to watch for the second half.