UnitedHealth Cyberattack Costs Top $2 Billion

UnitedHealth Group reported better-than-expected second-quarter earnings with an adjusted EPS of $6.80 on $98.9 billion in revenue, surpassing analysts' expectations. However, the company continues to grapple with the fallout from a February cyberattack on its subsidiary, Change Healthcare, which is projected to cost between $2.3 billion and $2.45 billion for the full year. The attack disrupted insurance claims processing nationwide, forcing UnitedHealth to allocate over $9 billion in financial support to affected healthcare providers. Despite the increased costs, UnitedHealth reaffirmed its full-year adjusted earnings outlook of $27.50 to $28.00 per share. The company's Optum division showed strong performance, contributing significantly to the revenue growth. UnitedHealth's stock reacted positively, rising nearly 6% during Tuesday's trading session.