Jared J Wallen MD MBA Profile picture
Functional & Regenerative Medicine, Urologic Surgery, Patient Advocacy, Medical Finance, Puppies 🐢, Nature, Giving to others, Service, Impact, Gratitude πŸ™πŸ»
Apr 23, 2022 β€’ 4 tweets β€’ 3 min read
WAKE UP AMERICA - HEALTH INSURANCE IS A SCAM Edition 2.1:
Over the last 11+ Years since the AFFORDABLE CARE ACT (aka ACA, aka Obamacare) while average Wages have essentially been stagnant with an absolute growth compared to inflation of 9%... #MedTwitter Big Business Insurance Companies have been raking in the dough πŸ’°πŸ’°πŸ’°!!

Family Insurance Premiums are UP 61.4%
Family Insurance Deductibles are UP 111%

And the @uhc shareholders and executives have been the BIG WINNERS with UHC Stock Prices up 1612.7% πŸ‘€πŸ‘€πŸ‘€
Nov 10, 2021 β€’ 6 tweets β€’ 5 min read
The Medicare DIS-Advantage Plans...
Many seniors are being lured into Medicare Advantage Plans due to the added benefits of hearing, dental, and gym membership coverage. Image These plans are actually run by private insurers and actually quite profitable for insurance companies with profit margins of 5% or greater (industry average is 4%) khn.org/.../medicare-a…
Oct 31, 2021 β€’ 8 tweets β€’ 5 min read
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.
Oct 30, 2021 β€’ 5 tweets β€’ 5 min read
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.
Oct 29, 2021 β€’ 5 tweets β€’ 5 min read
"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