People and Corporations show you who they are... We choose to believe them!
Ohhhh the irony, two of the bad actors (insurance companies and private equity) that are inflating medical costs and harming patients and healers are suing each other and exposing to us all just a
glimpse of the deception/exploitation/greed that these corps have been using to put profits >>> patients.
United is suing Team Health (owned by the private equity Blackstone group) for over coding and thus overcharging patients by $100 million.
Fremont Emergency Medicine (an affiliate of Team Health) is suing United for their gross underpayment of frontline clinicians.
It's likely that to some extent both are true...
Private Equity is harmful to patient care because they often boost their own profits by
decreasing staff & supplies, using cheaper lesser trained labor, and up-coding visits for more profits.
Insurance companies on the other hand are harmful to patient care because they boost their own profits by charging patients more and more premiums & deductibles every year,
paying physicians less & denying payments for care which often have the down stream effects of physicians no longer being able to stay independent and thus becoming owned widgets in the corporate medicine profit wheel which also requires that more and more patients are
seen in less and less time to keep the business open, and participating in the mark up discount game that inflates prices 4-30x compared to what market prices for services should be.
The highest quality lowest cost care will be found between you and an independent physician.
No, no thanks, no gracias, not in a million years, never ever…
No Optum I do not want to be apart of your racketeering swamp of vertical integration.
Let’s talk about some Optum facts:
Optum is now the single largest owner of Physicians.
Optum is a subsidiary of United Health Group.
In Q2 of 2021 UHG made $4.3 billion in profits and $71.3 billion in revenue.
UHG stock share prices have grown 2200% (from $20.02 to $460.47) since Nov 2008.
Two of the main ways UHG makes such massive profits is to deny payments to physicians for services rendered (I hear from physicians everyday that this happens to) and because their PBM OptumRx uses spread pricing to inflate the cost of medications their members purchase
"The Healthcare System breed passivity and dependence..." ~ Steve Forbes
The main ways that the hospitals and insurance companies do this is to: 1) Hide their prices 2) Make it complex to understand 3) Build rapport to enlist trust in patients that they will be taken care of
However what we see everyday is that these folks use deception, complexity, narrow networks and many more tactics to make it difficult and complex for patients to get any benefit from their health insurance.
Where health insurance is difficult and complex, Medical Cost Sharing
is simple and easy.
You make a monthly contribution, you have an initial unsharable amount, and you can choose any doctor you want! #simple#easy
Check out our website selfdirectedmedical.com for more information about how you too may be able to find your Checkmate