Thread regarding Humana Inc. layoffs

The Market Forces Quietly Adding Thousands to Patient Bills

This is what is just one of many things wrong with having large for-profit corporations to be handling the administration of Medicare. They are part of the problem of fraud, waste, and abuse…NOT the solution.

When a large corporation, owns several pieces of the supply chain, both acting as the insurer but also owning hospital facilities, labs, and urgent care centers, these same health insurance corporations can push providers to have procedures done in day a costly surgical hospital, even though the procedure would normally be done as a simple outpatient with local anesthetic. The difference between the two can be from $18,000 to just $3,000, for just this one example in the article. But I have read about much worse examples than even this with disparaging costs on the hundreds of thousands.

Please feel free to read either article, which are the same but in case you trust one news source over the other I am supplying both.

https://kffhealthnews.org/news/vertical-integration-high-health-costs-prices-hospital-mergers-pharmacies-pbms/

https://www.cbsnews.com/news/vertical-integration-healthcare-higher-patient-bills/


by
| 2 views | | 2 replies (last 14 days ago) | Reply
Post ID: @OP+1m25zch23

2 replies (most recent on top)

@a1 I also agree. CMS should have congress pass legislation that requires these large health insurance corporations to break up and sell off the parts that are not health insurance. Making a law that if you want to contract with the federal government to administrate Medicare, then your corporation can ONLY do and be health insurance, NOTHING else. Otherwise, you are exempt from qualifying to administrate Medicare on behalf of the federal government. PERIOD!

by
| | Reply
Post ID: @a2+1m25zch23

I agree that is is most definitely a major conflict of interest when large corporations owns several pieces of the supply chain, both acting as the insurer but also owning hospital facilities, labs, and urgent care centers.

Why isn’t CMS addressing this???

by
| | Reply
Post ID: @a1+1m25zch23

Post a reply

: