financetom
Business
financetom
/
Business
/
US senator plans legislation to accelerate payments after Change Healthcare hack
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US senator plans legislation to accelerate payments after Change Healthcare hack
Mar 8, 2024 3:48 PM

March 8 (Reuters) - Democratic Senator Mark Warner said

on Friday he plans to introduce legislation that would help

accelerate and advance payments to medical providers and vendors

following the hack on UnitedHealth's ( UNH ) tech unit Change

Healthcare.

The unit processes about 50% of medical claims in the U.S.

for around 900,000 physicians, 33,000 pharmacies, 5,500

hospitals and 600 laboratories. About 1 in 3 U.S. patient

records are touched by its health technology offerings.

"I plan to write and introduce legislation that would

provide for accelerated and advanced payments to providers and

vendors to protect them in the event of future disruptions, as

long as they meet minimum cybersecurity standards," Warner said

in a statement.

Change Healthcare was breached on Feb. 21 by a hacking group

called ALPHV, also known as "BlackCat".

The UnitedHealth ( UNH ) unit said on Thursday it expects to restore

disrupted services for medical claims and payments platforms by

mid-March.

"This attack demonstrates that we need to have backup plans

in place for such incidents," Warner, who is also the chair of

the Senate Intelligence Committee, added.

The U.S. government said on Tuesday that it will accelerate

Medicare and Medicaid payments to some hospitals hurt by the

hack.

(Reporting by Sriparna Roy in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Trump Promises Fresh Tariffs on Canadian Lumber and Dairy Exports
Market Chatter: Trump Promises Fresh Tariffs on Canadian Lumber and Dairy Exports
Mar 7, 2025
12:39 PM EST, 03/07/2025 (MT Newswires) -- A day after suspending 25% tariffs on imports from Canada and Mexico covered by a free-trade agreement, U.S. President Donald Trump on Friday said he plans fresh tariffs on lumber and dairy imports from Canada, Bloomberg reported. Trump said the new tariffs could be imposed as soon as Friday, or early next week,...
Market Chatter: Visa Asked by Democratic Lawmaker to Hand Over Records of Payments Deal With X
Market Chatter: Visa Asked by Democratic Lawmaker to Hand Over Records of Payments Deal With X
Mar 7, 2025
12:48 PM EST, 03/07/2025 (MT Newswires) -- Visa (V) has been asked to hand over records of its payments deal with Elon Musk's X by Sen. Richard Blumenthal, CNBC reported Friday, citing a letter it obtained. Blumenthal, D-Connecticut, the ranking member of the Senate's Permanent Subcommittee on Investigations, reportedly sent a letter to the company Thursday asking for detailed plans...
Update: Market Chatter: Microsoft's Contract Cancelation Denied by CoreWeave
Update: Market Chatter: Microsoft's Contract Cancelation Denied by CoreWeave
Mar 7, 2025
12:41 PM EST, 03/07/2025 (MT Newswires) -- (Updates with CoreWeave statement in the second paragraph.) Microsoft ( MSFT ) has not canceled any contracts with CoreWeave (CRWV), Reuters reported late Thursday, citing a CoreWeave spokesperson, denying an earlier Financial Times report that the tech giant walked away from some of its commitments. We pride ourselves in our client partnerships and...
Update: Market Chatter: Trump Could Impose Reciprocal Tariffs on Canada as Soon as Friday
Update: Market Chatter: Trump Could Impose Reciprocal Tariffs on Canada as Soon as Friday
Mar 7, 2025
12:47 PM EST, 03/07/2025 (MT Newswires) -- (Updates with additional details throughout the story.) The United States may impose matching tariffs on Canadian lumber and dairy products as early as Friday to match Canada's current tariffs on US goods, Bloomberg reported Friday, citing US President Donald Trump. They'll be met with the exact same tariff unless they drop it, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved