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Several healthcare companies, including Multiplan, Cigna, and HCA Healthcare, have been implicated in schemes involving overbilling, charity care discrepancies, and rejecting claims for costly treatments. Multiplan coordinated with insurers to take billions from self-insured companies, while Cigna received millions for processing claims. HCA Healthcare reported significantly more charity care to CMS than to shareholders, drawing extra taxpayer money. Patients are affected by opaque procedures and profit-driven practices in the healthcare industry.
The Cost of Big Medicine: EXPLAINED https://t.co/gsrDdHpkpc
HCA Healthcare told CMS that it doled out almost $1 billion more in financial assistance to needy patients than it reported on its financial statement in 2022. Read here: https://t.co/0eOs1PKf5A https://t.co/cmFpl0cjcp
As medical practices owned by private equity firms fuel overbilling, a payment tool also backed by such investors helps insurers boost their profits. Caught between these moneyed interests are patients, who are mostly in the dark. (via @nytimes https://t.co/c01rkSs9LX
