"UnitedHealth Group Overcomes Cyberattack Impact, Beats Revenue Expectations"

UnitedHealth Group expects the cyberattack on its Change Healthcare unit to cost up to $1.6 billion this year but maintains its 2024 earnings forecast, leading to a 5.3% rise in shares. The hack disrupted payments to healthcare facilities nationwide and led to delays in claim submissions. Despite the impact, the company remains confident in its outlook and has already booked $872 million in costs related to the breach in the first quarter. The healthcare conglomerate's upbeat results also drove up shares of rival health insurers, and it has provided advance funding to certain healthcare providers while working to restore operations at Change Healthcare.