The Biden administration's changes to privatized Medicare, known as Medicare Advantage, are impacting health-insurance giants' profits. Hospitals are ending contracts with insurers for Medicare Advantage plans. The healthcare system's dysfunction is highlighted by exorbitant medical bills, with examples including a $10k bill for a former Surgeon General and high costs for basic procedures.
Medical bills are out of control. Not news but here are two of our examples: $8,000: Visit to ER for our 5 day old baby for what was a rhinovirus @BostonChildrens ($3000 was for a cardiac fellow to stop in for 2 mins) $3,000: For IUD - WTF How is it 3k? @BrighamWomens https://t.co/PHuztxQQVZ
Most U.S. hospitals aggressively pursue patients for unpaid bills. One New York hospital system decided to work with them instead. Read the latest from the #DiagnosisDebt series, reported by @NoamLevey. ⤵️ https://t.co/KgmeoNtamR
My comments in @medpagetoday about a recent hospital visit. I just don’t understand how the average American navigates our dysfunctional healthcare system.🤦🏽♂️ I'm a Former Surgeon General and I Couldn't Believe My $10k Medical Bill | MedPage Today https://t.co/GHCUyVmBwf
Medicare Advantage plans are about to change https://t.co/3fHZ7tb1v8 https://t.co/vhVXOTx2LB
Trudy Lieberman: Hospitals across the country are dumping Medicare Advantage plans and canceling their contracts with insurers https://t.co/c09pvSaAmX
Privatized Medicare, aka Medicare Advantage, has generated huge profits for health-insurance giants. But that well is drying up. The Biden admin has made major changes which make the exploitative, privatized Medicare industry far less profitable. https://t.co/Y7EhwksYZ7