Minutes. [inaudible conversations] [inaudible conversations] the finance committee will come to order. This morning the finance Committee Examines the change healthcare hack that nearly brought our countrys Health Care System to a standstill six weeks ago. Joining the committee is andrew witty, the ceo of Unitedhealth Group, which owns change healthcare. Ill put things in perspective. Last year, uhg generated 324 billion in revenue, making it the 5th Largest Company in the country. Overall, the company touches 152 million individuals across all lines of business, insurance, physician practice, home health, and pharmacy. With its profits, uhg has purchased dozens of other Health Care Companies and is the largest purchaser of physician practices. This corporation is a health care leviathan. I believe the bigger the company, the bigger the responsibility to protect its systems from hackers. Uhg was a big target long before it was hacked. The fbi says that the Health Care Industry is the n
Buckeye broadband supports cspan is a Publi Service along with these other Television Providers giving you a frontrow seat to democracy. Unitedhealth group ceo andrew witty testified before the Senate Finance committee about the impact of the recent cyber attack on healthcare, a subsidiary of United Health group that disrupted the payment and claims process for providers did he apologize for the chaos resulting from the cyber attack. This is about two hours and 15 minutes. [inaudible conversations] [inaudible conversations] the finance committee will come to order. This morning the finance Committee Examines the change healthcare hack that nearly brought our countrys Health Care System to a standstill six weeks ago. Joining the committee is andrew witty, the ceo of Unitedhealth Group, which owns change healthcare. Ill put things in perspective. Last year, uhg generated 324 billion in revenue, making it the 5th Largest Company in the country. Overall, the company touches 152 million ind
Sounding off on the white houses latest response to this dramatic diplomatic victory an historic turning point after the 20 years and four administrations trying to get china to lean on north korea. The commanderinchief is getting the job done. How is kim jongun going to respond . Plus puerto rico still in the dark. President trump approving a disaster declaration as the lights remain out on the entire island. A live report from san one coming straight ahead. Melissa the dow sevenday winning streak coming to a end. Nicole, what happened . I cant say record close. I can say intraday record. We saw some financial jitters. We talk about the rate hike at end of the year. Names like Proctor Gamble and apple i will get to right now weighed on the Dow Jones Industrial average. The dow finished near the session lows. Taking a look at apple, down 1. 7 today. Closed at 153. 39, down 3 1 2 for the week. There are concerns about the watch, connectivity, about making phone calls which is one of the
That was arsenio, hes gone now. [ laughter ] well, thanks for joining us on what has been an unusual week for us here at our show. If youve been watching over the past few days, and you havent, ive found myself in the middle of a battle over American Health care. After my son billy had open heart surgery at the end of april, the senator bill cassidy from louisiana came on our show, made some promises and assurances that he did not keep. The rope i had him on the show in the first place is because he started telling people that any plan he supports would have to pass what he called the jimmy kimmel test. And then he teamed up with senator a bill that most definitely does not pass that test. It doesnt protect people from having their rates jacked up for preexisting conditions, doesnt prevent Insurance Companies from putting lifetime caps on how much theyll spend on a person with medical issues, it cuts a huge amount of money, maybe hundreds of billions of dollars in Health Care Funding.
That was arsenio, hes gone now. [ laughter ] well, thanks for joining us on what has been an unusual week for us here at our show. If youve been watching over the past few days, and you havent, ive found myself in the middle of a battle over American Health care. After my son billy had open heart surgery at the end of april, the senator bill cassidy from louisiana came on our show, made some promises and assurances that he did not keep. The rope i had him on the show in the first place is because he started telling people that any plan he supports would have to pass what he called the jimmy kimmel test. And then he teamed up with senator Lindsey Graham to write a bill that most definitely does not pass that test. It doesnt protect people from having their rates jacked up for preexisting conditions, doesnt prevent Insurance Companies from putting lifetime caps on how much theyll spend on a person with medical issues, it cuts a huge amount of money, maybe hundreds of billions of dollars