‘Too Big to Fail’: Congress Grills UnitedHealth CEO Over Company’s Vertically Integrated Consolidation and Massive Cyberattack

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“I’m going to continue to work to bust this up,” Rep. Buddy Carter told UnitedHealth Group CEO Andrew Witty at a Wednesday hearing on Capitol Hill.

So, on Wednesday, the House and Senate held hearings on these failures of UnitedHealth Group with the company’s CEO Andrew Witty.examined UHG’s consolidation and size: “Under the United Health Group umbrella resides a health insurance company with more than 40 million covered lives across Medicare, Medicaid, and commercial markets.

“A small, independent, private hospital in West Tennessee. They have diligently submitted all of their claims, and they are burdened with a backlog of Medicare claims that is equivalent to 30 days revenue, and they’re waiting for these things to be transmitted to Medicare,” Blackburn said. “This is all because of the missteps you all have had.”said, “As we see increased consolidation in healthcare, I worry that incidents such as this will become increasingly more common.

 

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