4.8 • 1.1K Ratings
🗓️ 11 April 2024
⏱️ 22 minutes
🧾️ Download transcript
When a subsidiary of the giant UnitedHealth Group got hit by a cyberattack recently, a big chunk of the country’s doctors, pharmacists, hospitals and therapists just stopped getting paid.
It’s been a huge disruption, with some providers wondering if they can keep their doors open.
But thanks to their huge size and reach, the situation may have had a silver lining — for United.
Which seems like a big problem, and got us wondering: What can we maybe do about it?
The answer turns out to be: Maybe more than we think, via antitrust enforcers at the Federal Trade Commission and the U.S. Department of Justice.
Strap in for a wild ride — and then maybe check out FTC Chair Lina Khan’s talk with Jon Stewart on The Daily Show. We include some short excerpts, but the whole thing is worth a watch.
Thanks to reporters Brittany Trang (STAT News) and Maureen Tkacik (The American Prospect) for guiding us through their reporting.
And to the novelist/journalist/activist Cory Doctorow, who has been writing about antitrust enforcement for years. Here are a couple of his columns about Lina Khan and what she and other antitrust enforcers are up to.
If you want a deeper dive on the new antitrust movement: It’s summed up in a terrific (and short) book by Tim Wu, a Columbia University law professor and former White House adviser: The Curse of Bigness: Antitrust in the New Gilded Age.
And you may be able to get it for free! If your local library uses a system called Hoopla, you can borrow it as either an audiobook or an ebook.
Super-fun tangent: Cory Doctorow and Tim Wu went to elementary school together — and apparently played a lot of Dungeons and Dragons — when they were kids in Toronto.
Here’s a transcript of this episode.
Send your stories and questions. Or call 724 ARM-N-LEG.
And of course we’d love for you to support this show.
Hosted on Acast. See acast.com/privacy for more information.
Click on a timestamp to play from that location
0:00.0 | Hey there. Brittany Trang is a reporter for Stat News. That's a health care news outlet. |
0:05.3 | In fact, we talked with Brittany's colleague Bob Herman in our last episode and like Bob, |
0:10.4 | Brittany's been covering the business of health care and for her this story starts with Bob |
0:16.8 | Flagging a story to their team. He dropped a link in the chat that said like hey guys, I think we should write about this, |
0:23.2 | question mark, and nobody replied. |
0:25.4 | This story was about a cyber attack against a company called Change Healthcare. |
0:30.8 | I was like, that sounds like a startup. |
0:32.4 | I was like, who cares about some sort of health tech startup. But Bob kept bringing it up. |
0:36.5 | I finally clicked on the link and I was like, oh no, this is a big deal. This touches most of the American health care system. |
0:45.0 | Yeah, and it's no joke. |
0:47.0 | Change health care is what's called a data clearinghouse |
0:50.0 | and it's a big one. |
0:51.0 | It's an important part of health care's financial |
0:54.0 | plumbing. Somebody had gone in and basically hijacked their computer |
0:58.0 | system and said unless we get $22 million we're not giving it back. So change went offline and a huge chunk of the country's |
1:07.0 | pharmacists, doctors, therapists, hospitals just stopped getting paid. And change health care stayed offline for weeks and |
1:15.8 | weeks. And here's this other thing. Change health care, you know, isn't a startup. |
1:20.6 | It's been around for like 20 years. And in late 2022, change got purchased by another |
1:27.1 | company. A company that's starting to become a real recurring character on this show. United Health Group. |
1:35.4 | You might remember, they are the country's biggest insurance company and they've got their |
1:39.4 | hands in just about every other part of health care in a big way. |
1:43.2 | For instance, they are the very biggest employer |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from An Arm and a Leg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of An Arm and a Leg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.