WASHINGTON (Reuters) -UnitedHealth is not too big to fail, the largest U.S. health insurer's CEO Andrew Witty told a Senate panel on Wednesday after senators questioned whether its huge size might become a threat to the U.S. economy. Senators on the Finance Committee grilled Witty during the first of two scheduled testimonies in front of Congressional panels on the recent cyberattack on UnitedHealth's technology unit that impacted almost all patients and providers. Witty said in response, "I don't believe it is because actually despite our size, for example, we have no hospitals in America, we do not own any drug manufacturers."
By Ahmed Aboulenein WASHINGTON (Reuters) -UnitedHealth CEO Andrew Witty began his first of two scheduled testimonies in front of Congressional panels on Wednesday, answering questions from lawmakers about the recent cyberattack at the company's technol.
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UnitedHealth's problems are not a threat to the broader economy, the largest US health insurer's CEO told a Senate panel on Wednesday after senators questioned whether the company's size could pose a systemic threat.
UnitedHealth is not too big to fail, CEO tells Senate panel gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.