
A private-equity-backed firm, MultiPlan, has been collaborating with insurance companies to increase profits by reducing payments to medical providers, resulting in higher bills for patients. The scheme has generated billions for insurers, with fees exceeding provider payments. Patients face rising bills as insurers route claims through MultiPlan.



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
“To curb health care costs and block unnecessary services….in recent years insurers have ratcheted up their use of prior authorization, causing delays and denials of care that are harming or even killing people, many doctors and patients say.” https://t.co/eMx9ksWoRK
Trendlines: The single-minded pursuit of profit is hazardous to good health care, writes @GlobeNewsEd. Steward is flatlining, but other providers shouldn’t be left at the mercy of private equity firms and other for-profit operators. https://t.co/j1HEmQ9hR7