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NEW: The country's largest health insurer is giving apartments to homeless people, not as an act of charity, but to deal with the extraordinary costs of caring for them.

My story in this week's @BW

bloomberg.com/news/features/…
UnitedHealthcare is offering housing and support services to some of its most expensive homeless Medicaid patients, people with a complex blend of physical, social, and mental health challenges.

bloomberg.com/news/features/…
I visited the Phoenix apartment complex that serves as the company's R&D lab for addressing the social needs of its most expensive homeless patients -- people whose medical expenditures exceed $50,000 a year.

bloomberg.com/news/features/…
After decades of trying to improve care for poor, medically complex patients in Camden, NJ, Dr. Jeffrey Brenner joined UnitedHealth in 2017 to help the country's largest health insurer address patients' social needs.

bloomberg.com/news/features/…
The company's betting that it can improve care and reduce costs for chronically homeless people who rely on emergency rooms and hospitals for medical care.

bloomberg.com/news/features/…
One patient cost $12,945/month while he was living on the streets.

After he got into housing, monthly expenses dropped to $2,073.

“This is just sad. This is just stupid,” Brenner says. “Why do we let this go on?”

bloomberg.com/news/features/…
The story is illuminating about how the U.S. allocates economic resources.

As a society, we’ve effectively decided that people shouldn’t die on the street, but it’s acceptable for them to live there.

bloomberg.com/news/features/…
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