>> 77. >> reporter: the hack targeted change healthcare, a unit of unitedhealth, forcing the nation'sment system offline on february 21st, leaving hospitals and medical practices in a cash crunch. >> so to find ourselves suddenly looking at our home and its value and can we afford to put it up to pay our employees is a terrible feeling. >> reporter: white house officials cracking down on unitedhealth tuesday. hhs secretary xavier becerra demanding the company front hospitals and doctors more emergency funds. >> how are you holding them accountable? >> we will not continue to work with a clearinghouse exchange operation if it can't provide the payment for the services that our patients need. >> reporter: dr. meyer stresses it's not just a payroll problem. it's a patient problem. >> i'm most worried about having to reduce our hours. our patients that can't come here for their routine things, their sore throats, their cough, their blood pressure checks, where are they going to go? >> reporter: potentially landing patients in emergency rooms. >> what is preventing another ransomware incid

coming up, we are looking at unitedhealth because it faces a class-action lawsuit over its retirementd cancer clinics across the country are suffering from a cyber attack on the insurer. stick with us, this is bloomberg. ♪ hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. ♪ ♪ ♪ sonali: this is bloomberg markets. it's time now for stock of the hour. shares of unitedhealth are slightly higher today despite news of a class-action lawsuit claiming that united prioritizes business relationship with wells fargo over workers retirement savings. doctors across the country are stretching to keep their practices afloat. a cyber attack on the unitedhealth change health care unit last month, shares of unit health have broadly been under pres

the department of health and human services is now investigating unitedhealth group after hackers shute company's payment processing arm. three weeks later, the pharmacy network is now back online, but many providers are still struggling. cbs's nicole sganga reports. >> reporter: and ransomware attack turned a national crisis. >> it's been one of the most stressful things we've gone through as a practice. and that's saying something, given that we survived covid beard >> reporter: and for doctors like christine meyer, a personal nightmare. on an average weekday, you would get us back >> 20, 30, 40, $50,000 in deposits. >> reporter: and today you got? >> 77. >> reporter: the hacked chart in my targeted change healthcare, a unit of united health, forcing the nation's largest medical payment system off-line on february 21st, leaving hospitals and medical practices in a cash crunch. >> just to find ourselves suddenly, you know, looking at our home and its value, can we afford to put it up to pay our employees -- it's a terrible feeling. >> reporter: white house officials cracking down on u

in the u.s., high-grade issuance from unitedhealth and campbell soup helped to drive yearly sales past500 billion, the fastest start to a year on record. high yield, this month is likely to finish is the second busiest march in five years, surpassed only by 2021, when support is yours put in place during pandemic cause the surge. sticking with credit, earl davis explained why he has a neutral stance. >> it's a mature business cycle, getting closer to the end. we feel the spreads adequately reward individuals for holding high yields. right now we are mutual credit and getting close to underweight credit if we get more euphoria in the market. the reason we are here is there was just so much cash on the cache line. we saw the trillions in the money market accounts. as long as there is relative stability in the market, people have to put that cash to work. vonnie: let's bring in zach griffiths and credit -- zach and colleen. same question to you both, why are high yield issuers not taking advantage of the bond bid? colleen? colleen: as you just heard, they are. we are seeing issuance year

. >> reporter: change, which is owned by unitedhealth group, says it processes 15 billion transactions a year and works across more than 67,000 pharmacies >> the $590 we paid out of pocket yesterday. >> reporter: sienna keller says she had no choice but to pay out of pocket for what her stepdaughter needs to treat her diabetes >> that's a lot of money. >> yeah, and i don't know how much longer we can really afford to go through it. >> reporter: tonight, change healthcare not responding to reports it's believed to have paid a $22 million ransom to the hackers. in a statement, the company saying, it is working closely with law enforcement and that it's implemented work-arounds to help bring some systems back online. in the meantime, experts say patients should ask their doctors about obtaining drug samples or lower cost alternatives >> this system needs to get fixed >> reporter: a massive disruption showing how vulnerable and interconnected our health care system is. liz kreutz, nbc news, los angeles. >>> coming up, a look at your money in the 2024 election. why one bellwether district i

experts say it appears unitedhealth group may have paid . hacker group, known as black cat, $22 million in ransom the smoking gun. >> so to speak, was a publicly visible $22 million transaction on bitcoin's blockchain. >> united health has not confirmed the payment reported by reuters and wired. the company saying it's focused on the investigation and the recovery since the attack, thousands of mostly smaller pharmacies have been facing major disruptions in fulfilling prescription orders and verifying insurance coverage. they're targeting the health care industry because they know that people patient. >> it's they are especially vulnerable. they these these organizations are in a position where they cannot wait too long before they have to pay a ransom . >> paying the ransom might help the company get its operations up and running. but it could also set a dangerous precedent. it's like training a dog, you know, the dog does something and it gets a treat and just does it again. one health analytical firm estimate that the cyberattack has been

discovered the hack on february 21st, disconnecting impacted systems immediately, parent company unitedhealthted in a federal filing. change healthcare says it processes 15 billion transactions annually, touching one in three u.s. patient records. >> i can tell you that this cyber attack has affected every hospital in the country, one way or another. >> reporter: john riggi is a national advisor at the american hospital association. >> it's not a data crime. it's not a white-collar crime. these are threats to life. >> reporter: in a since-deleted post on the dark web, a russian-speaking ransomware group known as blackcat claimed responsibility, alleging they stole more than six terabytes of data, including sensitive medical records. change healthcare says it's established workarounds for patients. for smaller hospitals, are we talking about months, weeks, days? >> the smaller, less-resourced hospitals, our safety net, critical access, rural hospitals, certainly do not operate with months of cash reserves. could be just a matter of days or a couple of weeks. >> norah: and nicole is with us. wh

the only laggards down there, coca-cola, unitedhealth, apple at the bottom of the dow 30.ok at the s&p, see where we are there. of course, yesterday finishing with a record high. and i guess we're record territory now, up 27 points at 5252 on the s&p. up half a percent. and and let's take a look at the nasdaq. it was up close to 1 president in the pre-- 1% in the futures, in the premarket hawaii's where we are. we're up 151 points on the nasdaq, good for a .9% gain. taking a look also at the big tech stock, we like to do that. amazon, metaal that bet, microsoft all moving higher, and apple lagging behind, down 1% at around $176.97. talking of which, let's take a look at apple. the department of justice prepping an antitrust lawsuit against them. lauren, what can you tell me about this? lauren: they will officially announce their lawsuit a bit later this morning. it's for alleged antitrust violations. it's five years in the making, and it covers alleges -- allegations that apple prevented rivals from accessing hardware and software on the iphone. it didn't specify which acc

change health care is owned by unitedhealth.try which serves as a vulnerability. this hack happened on february 21st, and still change health care systems are down. pharmacies cannot fill prescriptions, providers cannot get paid. the hack is being called the most significant and consequential incident against a health care system ever. and change health care reportedly paid the hackers $22 million. systems are still down. now health and human services is stepping up. they're pushing medicare contractors to provide flexible payment if terms telling providers, look, you can change your clearinghouse to fast track some of these claims pause the choice is for many centers patients or payroll. can you treat your, your patients if you don't have staff, if you can't pay your staff? stuart: good question. that's a nightmare. lauren: it is. almost two weeks. stuart: lauren, thanks very much. a new study using implanted electrodes was able to pin if point the parts of the brain responsible for cognitive disto orders like parkinson's, tour

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month to pay for healthy food, utilities, and over-the-counter items at no extra cost to you with unitedhealth care >> the rise >> okay. sandals st. vincent, and the grenadines in our winsor b-cell visit sandi.com haldwani, hundred sandals for over 25 years, loved sack has been rewriting the rules of comfort. it's okay to change your style, get >> messy >> yet emerge with love sack >> you, make the rules >> the whole story with anderson cooper tomorrow at eight on cnn all right welcome. >> back, former president donald trump is now just two days away from the deadline to post nearly half 1 billion bond in his new york civil fraud trial well, case rather. this week, trump the claim that he has nearly 500 million in cash to cover the sum, but his lawyer has since clarified that, saying he doesn't actually have that much money on hand. trump's lawyers argue it's nearly impossible to get the amount needed for bond and new york's attorney general let's now taking steps to possibly c's trump assets and properties if he can't pay up the cash crunch uncertainty is now raising questions about the futur

unitedhealth has made available emergency loans for doctors, but they have told us they are being offered on the dollar. they might be down millions of dollars at this point in claims that have not been paid and they are being offered thousands of dollars, maybe $10,000 to patch that hole, which they cannot do. so there is bipartisan outrage in congress. i was at the white house today talking with officials who say they are looking to the private sector right now to try and solve before the federal government steps in more. stephanie: dan diamond with the washington post, thanks so much for your reporting. dan: thank you, stephanie. ♪ geoff: in britain, the government there is planning new legislation to punish extremists responsible for rising tensions over the war in gaza. as special correspondent malcolm brabant tells us, prime minister rishi sunak is concerned that both jewish and muslim communities are being targeted, and that social cohesion is under threat. malcolm: support for the palestinian cause in the city of brighton is particularly vocal. protesters were blacked to mourn for

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it appears as though insurer unitedhealth group may have paid the hacker group responsible for the attackgroup, known as black hat, was allegedly paid $22 million in ransom money. that's according to experts. since the attack, thousands of smaller pharmacies have been facing major disruptions as pharmacists are sometimes unable to fulfill prescriptions and they cannot verify insurance coverage. there >> targeting the health care industry because they know that people patients they are especially vulnerable. they these these organizations are in a position where they cannot wait too long before they have to pay a ransom. united health has not confirmed the payment, but an analytical firm estimates that the cyberattack has been costing health care providers more than $100 million per day, and of course, we'll stay on top of this for you, reggie. >> gloria. thank you. marin county reports a cluster of fentanyl overdoses higher than what's considered normal in the bay area. the county's public health office said that five people died in just the last two weeks of february. they say that's abo

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unitedhealth group says hackers breached its network last month, preventing hospitals and pharmaciesamericans. subaru is recalling more than 118,000 vehicles. federal regulators say there's a potential issue with the deployment of airbags during a crash. it lists certain outback and legacy models made between 2020 and 2022 as being affected. letters informing owners of the safety risk will be mailed out in may. that will be followed by a second letter when the fix is available. and home depot is making its largest acquisition in company history. home depot announced it is buying srs distribution in a deal worth $18.2 billion. the acquisition will help home depot expand its business with professionals, including contractors, roofers, landscapers and pool contractors. that deal is expected to be finalized early next year. i'm pam cook. that's a look at your dollars and cents , pam. >> thanks. a young woman in wisconsin is using her podcast to share important stories that affect young people. what >> it was the beginning of your journey. what did that look like ? >> brittany lipscher is