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Private Equity Healthcare
The takeover of management of many sectors of healthcare by Wall St. Private Equity firms, Hedge Funds and other corporate investors over a period of decades, coincides with worsening U.S. health outcomes - e.g., reduced life expectancy and increased maternal and child mortality. In order to inflate profits, investment management firms commonly cut staffing, pay, benefits, and short equipment, even as some board-certified emergency physicians are replaced with less qualified practitioners. Such tactics as "surprise billing," "upcoding" or exaggerating patient condition for greater profit, "fee-splitting" and corporate practice of medicine are commonly employed to extract greater profits. Traditional Medicare is currently targeted in a program initiated by the Trump administration, whose "Direct Contracting Entities" (DCEs) place profiteering middlemen between traditional Medicare recipients and their doctors. DCEs have been rebranded by the Biden administration the "REACH" program, with the same goal to privatize traditional Medicare, moving traditional Medicare recipients without their consent or knowledge into privatized coverage with private equity or other for-profit corporate entity. Call to end the effort to privatize traditional Medicare: Message Line of HHS Secretary Becerra: 202-205-5445. White House Message Line: 202-456-1111.
More Podcasts at: Truthseekers - Health Justice Podcast - Examining the false corporate narrative surrounding U.S. health insurance reform.
Podcast home: https://www.youtube.com/channel/UCw__m5s6qrfljXiBxmD9oMg
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By Michele SwensonThe takeover of management of many sectors of healthcare by Wall St. Private Equity firms, Hedge Funds and other corporate investors over a period of decades, coincides with worsening U.S. health outcomes - e.g., reduced life expectancy and increased maternal and child mortality. In order to inflate profits, investment management firms commonly cut staffing, pay, benefits, and short equipment, even as some board-certified emergency physicians are replaced with less qualified practitioners. Such tactics as "surprise billing," "upcoding" or exaggerating patient condition for greater profit, "fee-splitting" and corporate practice of medicine are commonly employed to extract greater profits. Traditional Medicare is currently targeted in a program initiated by the Trump administration, whose "Direct Contracting Entities" (DCEs) place profiteering middlemen between traditional Medicare recipients and their doctors. DCEs have been rebranded by the Biden administration the "REACH" program, with the same goal to privatize traditional Medicare, moving traditional Medicare recipients without their consent or knowledge into privatized coverage with private equity or other for-profit corporate entity. Call to end the effort to privatize traditional Medicare: Message Line of HHS Secretary Becerra: 202-205-5445. White House Message Line: 202-456-1111.
More Podcasts at: Truthseekers - Health Justice Podcast - Examining the false corporate narrative surrounding U.S. health insurance reform.
Podcast home: https://www.youtube.com/channel/UCw__m5s6qrfljXiBxmD9oMg