ProPublica: Medical Staffing Companies Owned by Rich Investors Cut Doctor Pay and Now Want Bailout Money
Below are excerpts from ProPublica.
- "Medical staffing companies — some of which are owned by some of the country’s richest investors and have been cutting pay for doctors on the front lines of the coronavirus pandemic — are seeking government bailout money."
- "Private equity firms have increasingly bought up doctors’ practices that contract with hospitals to staff emergency rooms and other departments. These staffing companies say the coronavirus pandemic is, counterintuitively, bad for business because most everyone who isn’t critically ill with COVID-19 is avoiding the ER. The companies have responded with pay cuts, reduced hours and...
Below are excerpts from ProPublica.
- "A major medical staffing company said it wouldn’t go through with cuts to doctors’ pay and benefits after ProPublica first reported the plans."
- "Alteon Health, which employs more than 1,700 doctors and other medical workers nationwide, said Sunday it won’t cut medical directors’ stipends by 20%, as planned, and will continue offering paid time off, which it had said would stop. While Alteon will defer matching 401(k) contributions, it won’t eliminate those contributions, as previously announced."
New Television Ad Exposes The Cost Consequences From Private Equity’s Proposed Surprise Billing Fix
Washington, D.C. – At a time when private equity firms are driving a growing number of American families into bankruptcy from surprise medical bills, a new television ad – “Bill Collector” – highlights how these companies are pushing for government-mandated arbitration so that they can continue to send exorbitant, unfair charges to patients.
The television spot is part of a renewed advertising push from the Coalition urging Congress to support meaningful solutions to surprise medical billing, specifically privately...
Leading policy experts and organizations representing consumers, employers and unions have urged Congress to stop discriminatory pricing from bad actors and pursue reforms that would lower costs for millions of Americans. Importantly, everyone agrees that protecting consumers means avoiding a costly, burdensome arbitration proposal that would incentivize price-gouging moving forward. Learn more....
Coalition Launches New Advertising Campaign Highlighting The Costly ‘Surprise’ Behind Private Equity’s Arbitration ‘Solution’
Washington, D.C. – As Congress looks to advance a surprise medical billing solution, the Coalition Against Surprise Medical Billing launched a new advertising campaign and television ad – “Surprise” – highlighting the motivation behind private equity and hospitals’ push for a costly arbitration provision. This expanded advertising builds on the Coalition’s grassroots effort in the Beltway and in key states to elevate the voices of employees, employers, union members, consumers and patients who have been impacted by bankrupting surprise medical bills.
The Coalition represents leading employer groups, unions, health insurance providers, health organizations and the tens of millions of people they employ and serve each day....
Below are excerpts from an op-ed published in JAMA.
JAMA Op-ed: Surprise Billing In Surgery Time For Action
By Karen E. Joynt Maddox, MD, MPH; Edward Livingston, MD
- "'Surprise' billing occurs when patients with health insurance receive care from a clinician or facility included in their insurer’s network (“in-network”) but unexpectedly receive 'surprise' bills from other clinicians involved in their care... Chhabra and colleagues present a thorough analysis of out-of-network billing for elective operations and find the practice to be both common and potentially financially devastating."
- "Based on their analysis of 347,356 patients who had undergone 1 of 7 common...