UnitedHealth Group Thursday outlined advantages of its Optum unit’s proposed $13 billion acquisition of the software program and information analytics agency Change Healthcare in response to the U.S. Justice Division’s problem of the deal.
The justice department last month sued in federal court to dam UnitedHealth’s effort to purchase Change, primarily saying UnitedHealth, which owns the nation’s largest well being insurer, would get entry to delicate healthcare price and pricing information on rivals. That, authorities attorneys argue, can be unfair and harm competitors.
“High quality medical health insurance ought to be accessible to all Individuals,” U.S. Legal professional Basic Merrick Garland stated final month. “If America’s largest well being insurer is permitted to accumulate a serious rival for important well being care claims applied sciences, it’ll undermine competitors for medical health insurance and stifle innovation within the employer medical health insurance markets. The Justice Division is dedicated to difficult anticompetitive mergers, notably these on the intersection of well being care and information.”
However UnitedHealth fought again with a submitting on Thursday, saying the deal would make healthcare transactions less complicated and profit customers.
“With the distinct and complementary capabilities and abilities of Change Healthcare, Optum will advance anew and extra fashionable basis to assist the following era well being system,” UnitedHealth stated in its statement and filing posted on its web site. “Our frictionless platform will assist sufferers get a simplified shopper expertise, decrease prices, and get higher point-of-care supply because of improved adherence to finest scientific proof.”
Optum, a fast-growing a part of UnitedHealth Group and a key motive the corporate has surpassed $300 billion in annual revenues, has stated Change Healthcare will turn out to be part of the OptumInsight enterprise “to offer software program and information analytics, technology-enabled providers and analysis, advisory and income cycle administration choices to assist make well being care work higher for everybody.”
In its submitting on Thursday, UnitedHealth stated the mix “scale back the estimated $267 billion the U.S. well being care business wastes yearly on merely making certain that well being care suppliers submit legitimate and correctly documented claims and that insurers pay the correct quantity for the providers supplied.”
Additional, UnitedHealth stated the mix with Change will enhance well being outcomes and reduce denials of healthcare claims.
“The theories of aggressive hurt superior by the Division of Justice (DOJ) don’t have any foundation in truth or legislation, and don’t present any foundation for blocking what’s clearly a pro-competitive, pro-consumer transaction,” UnitedHealth Group stated.
Introduced in January of final 12 months, the Change acquisition was seen as a transfer by UnitedHealth and Optum to bolster the corporate’s efforts to enhance well being outcomes and inhabitants well being.
Whereas UnitedHealth continues to be the nation’s largest medical health insurance firm, promoting business, Medicaid and Medicare Benefit plans, it’s discovering development on the medical care supplier aspect of the healthcare system. Optum owns one of many nation’s largest pharmacy profit managers in OptumRx in addition to an array of medical care supplier companies, together with physician practices, surgical procedure facilities and pressing care websites throughout the nation.