The murder of the UnitedHealth CEO by a guy who underwent spinal fusion surgery for debilitating pain has unleashed a furious debate about US health care, most of it dumb
Thankfully I found a whistleblower suit filed by a surgeon UHC hired to deny spinal fusion surgery coverage..
But first: the predictable chorus of obtuse propagandists saying it's vulgar to villainize insurers which after all "barely generate profits", reminds me of a book I've found invaluable for demystifying this shit.
The author was a Mafia reporter. US health care is a crime scene
Cook's book introduced me to the world of unnecessary hysterectomies, which became a scourge soon after unions began negotiating Blue Cross coverage. But hysteretomy isn't so profitable today. Spinal fusion, on the other hand, can rake in up to $250K/pop prospect.org/health/2024-12…
For more than a decade Cincinnati surgeon Atiq Durrani performed unnecessary spinal fusions & other procedures on more than 500 patients without so much as consulting their MRIs.
He told them that if they didn't go under the knife THEIR HEADS WOULD FALL OFF
But Ohio has strict malpractice caps, and few medmal lawyers as a result. The one atty who sued on Durrani has 580 clients. A surgeon who worked as an expert witness on the case told me powerful hospitals imposed a conspiracy of silence.
Expert witness went to work for UHC utilization review. He believed spine surgery outcomes are much iffier than hip/knee procedures, but many surgeons over-perform them for $.
He wanted to save patients from future Durranis.
He soon encountered a surgeon who appeared to be misdiagnosing degenerative disc disease as spondylolisthesis (Luigi's disease) to fast-track patients to spinal fusion.
And in a peer review meeting, the surgeon admitted it -- and said (on tape!) that if UnitedHealth denied the claim he would intentionally botch the less-expensive surgery so that the patient would require spinal fusion to fix it.
Did I mention this guy was about to sell his practice to a private equity firm?
The expert witness surgeon was aghast, but when he took his evidence to his overlords at UnitedHealth, they.... made him take de-escalation training.
Meanwhile, Durrani fled to Lahore, where he is...currently performing unnecessary surgeries.
The irony is that the whole policy framework that begat UnitedHealth (which @hayrook calls the "capitation consensus") was built around the 1970s idea that the solution to health care was an esoteric system of bribing doctors not to do unnecessary surgery economicliberties.us/wp-content/upl…
This was a bad idea because performing unnecessary surgeries is gruesome & evil & most doctors were not doing it, bc most doctors are not primarily motivated by greed.
(UnitedHealth knows this better than anyone, because it started in the 80s as a secret subcontractor of the Hennepin County Medical Society HMO. Year after year it imposed pay cuts on participating doctors, who went along bc they wanted care to be more affordable. Then in 1984 the company submits SEC filings to IPO, and the doctors learn UnitedHealth is taking a 17% cut off the top of their earnings, and they're steaming. They had no idea the HMO was even allowed to turn a profit -- because it wasn't! The state legislature had explictly outlawed for-profit HMOs 10 years earlier with just this scenario in mind! But then as now, UnitedHealth did not give a fuck about laws.)
This week I wrote about Insight, a MI-based medical empire on a hospital buying spree. It's a dumpster fire: hospitals owe millions to Israeli loan sharks, cant buy TP, weekly health inspections..
And workers say they're doing 100s of unnecessary surgeries prospect.org/health/2024-12…
How do such abuses persist against the backdrop of radical austerity reflected by UHC's reported 32% denial rate?
Because UHC's biz model is symbiotic w/ (ahem) medical entrepreneurs, like this FL primary care doc who just sold his house for $27 million therealdeal.com/miami/2023/11/…
A deepdive into the multitude of recent UHC whistleblower suits shows how much of its biz involves funnelling kickbacks to providers willing to 1)scam patients into signing up w/ UHC & 2)fraudulently diagnose said patients with diseases they don't have. prospect.org/health/2024-12…
At a certain point those kickbacks got so $$$ UHC started just buying physician practices, surgery centers & staffing agencies en masse & bringing it in house. @matthewstoller has a great survey of UHC's internal conflicts today thebignewsletter.com/p/its-time-to-…
Meanwhile, check out the Medical Loss Ratios listed for various California insurance plans. MLR is essentially the percentage of an insurer's premiums it spends on care. 78.7% for certain UHC plans! As compared with 94-97% at Kaiser. I know we all agree that Luigi Mangione is a deranged weirdo who would never do anything rational, but given that he was not himself a UHC policyholder, do you wonder if there's a reason he went after them, of all health insurers?
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You already know a company called RealPage orchestrated a vast 15-year conspiracy to eternally inflate American rents.
But it gets worse: prospect.org/infrastructure…
RealPage pretends to sell "algorithms" but a former exec says its software is really a "bastardization" designed to do one thing only: remove human judgment/logic/decency from the process of determining rent prices & raise them "hella way too high"
RealPage sets rents for >65% of units in most major metro areas & rents have risen accordingly. Some landlords reported 20-plus% revenue gains their first year of using the software.
Along the way, huge rent hikes got baked into the math of underwriting multifamily mortgages.
Since getting Covid I've had frequent bouts of what feels like "worst hangover of all time."
Last month a neurologist told me he'd learned at an "NIH panel" that "Long Covid is psychological."
Somehow, NIH spent $1.2 billion arriving at this conclusion. prospect.org/health/2024-06…
.@thesicktimes FOIA-d docs to explain how the NIH Long Covid project spent so much achieving so little of value to folks w/ LC, which Fauci himself in 2020 noted is suspiciously similar to ME/CFS aka "chronic fatigue syndrome"
TLDR: they didn't hire anyone with ME/CFS expertise
@thesicktimes The med establishment has a long history of not taking "chronic fatigue syndrome" seriously dating back when CDC gave it that dumb name in the 1980s.
It was originally called "chronic Epstein Barr" after the virus whose antibodies usually show up in elevated levels in sufferers
Would Boeing murder a whistleblower? Before this month I'd have said it depends. I didn't think Boeing would kill a middle manager who never worked on the 737 Max & left in 2017.
"I don't think one can be cynical enough when it comes to these guys," said a longtime exec.
He told me to open Maps & find the airport 180 miles east of the 737 factory where Boeing stores "finished" jets that are too fucked to deliver. "The engines alone are worth billions."
Airlines won't accept the 737s until Boeing fixes their problems. As the dead whistleblower's lawsuit explains, jets coming off Boeing assembly lines have a lot
Bosses pressured workers to push 787s out with 100s of dangerous defects even after the FAA grounded 787s in 2013
holy shit: a childhood friend of dead Boeing whistleblower Swampy Barnett said he told her straight up: "If anything happens to me, it's not suicide."
This echoes what his lawyer & brother told me for my piece yesterday.
I was shocked: Boeing has dozens of whistleblowers; whistleblowing is thankless/isolating/self-destructive stuff; Swampy didn't even work on the 737 Max. But... prospect.org/justice/2024-0…
Swampy was found with his finger on the trigger of a silver pistol. A physician who is a regular contributor to the indespensable site #NakedCapitalism says this is a major red flag
This shocks even me: Rite Aid just clawed back already-paid severance payments from the bank accounts of thousands of laid-off workers, literally the same day Bloomberg reported its CEO is slated to receive $20 MILLION when the co emerges from Chap 11.
Naturally, Kirkland & Ellis & Alvarez & Marsal made out okay: they've billed the bankrupt dumpster fire pharmacy chain $50 million so far news.bloomberglaw.com/antitrust/rite…
I wrote the whole pathetic story of this Hunter Biden of American companies last fall. (Did you know Rite-Aid used to own the biggest PBM? They sold it for a half billion dollar loss, and it's all been downhill from there.) prospect.org/power/2023-11-…
The billionaire class is clamping down on "antisemitism"
They say it runs so rampant in elite schools they must BDS the Ivy League
UPenn grad Marc Rowan is leading the crusade. In an open letter to rich alums, he invoked "morals"/"morality" 10 times prospect.org/power/2023-10-…
But Marc Rowan is CEO & cofounder of one of the world's most outlandishly immoral institutions, Apollo Global Management, an industrial-scale looter that exploits access to cheap $$ to seize control of rural hospitals & factories, mines & mills and & supermarkets, & suck them dry
In June I reviewed a book about private equity largely focused on Apollo. The title is "These Are the Plunderers." Turns out this country has a pretty pathetic history of bringing elite plunderers to justice. prospect.org/culture/books/…