Private Equity Firms Exploit Patients
Seeking Emergency Care
The growing presence of private equity-backed providers is becoming an all too common influence in the health system – and one of the leading drivers behind egregious surprise medical bills that bankrupt families across the country. Learn more about how private equity firms exploit the market at the expense of patients – and why surprise medical billing reforms need to address the soaring cost of these bills.
KFF: More Than 1 Million Patients Still At Risk Of A Surprise Bill From Ground Ambulances
As many as 1.5 million privately insured patients who are brought to an emergency room by an ambulance may be at risk of getting a surprise medical bill each year, according to new research published by the Kaiser Family Foundation. The research highlights the acute...
In New Advertising Campaign, Coalition Mobilizes Patients & Allies Around Push For Surprise Billing Reforms In End-of-Year Legislation
Washington, D.C. – With millions of patients still facing the threat and fear of a surprise medical bill from out-of-network providers, the Coalition Against Surprise Medical Billing launched a new six-figure advertising and advocacy campaign to make sure Congress...
The one word you don’t want to hear during anesthesia: Surprise
In the latest example of surprise medical billing gone very wrong, patients who require anesthesia for elective procedures – from dental fixes to more complex surgeries – often learn days after that they are victims of a surprise bill. According to a recent report...
Air Ambulance Companies Prove The Sky Isn’t The Limit When It Comes to Surprise Billing
How it started: Brookings – High air ambulance charges concentrated in private equity-owned carriers (October 13, 2020) “…rapid growth in air ambulance prices is borne by consumers both through higher insurance premiums and more directly through cost-sharing and...
Axios: Hospitals Charge A Lot More When Wall Street Owns Them
By Sam Baker Hospitals owned by private equity firms rake in almost 30% more income than hospitals that aren’t, according to new research published this week in JAMA Internal Medicine. Why it matters: Private equity is gobbling up more and more of the health care...
New HHS Report Calls Out Private Equity As Leading Culprit Behind Patients’ Surprise Medical Bills, Calls on Congress to Act
A new report from the U.S. Department of Health and Human Services provides the strongest call yet for Congress to finally take action on surprise medical bills, calling the practice “a market failure that will not correct itself.” Today, millions of patients are...
Private Equity Firms Think They Have Won The Surprise Billing Battle – Why That Is A Bad Thing For Patients
Private Equity Firms Think They Have Won The Surprise Billing Battle – Why That Is A Bad Thing For Patients At a time when millions of patients are still at risk of bankrupting surprise medical bills, those most responsible for these charges appear to be taking a...
Bloomberg: Private Equity Lands Billion-Dollar Backdoor Hospital Bailout
Congress has yet to take action to protect patients from surprise medical bills – leaving millions of Americans at the whim of private equity firms and out-of-network providers. Instead, the federal government has approved massive taxpayer-funded bailouts for...
Coalition Statement on House HEROES Legislation
Washington, DC - Following the release of the latest COVID relief legislation from the U.S. House of Representatives, the Coalition Against Surprise Medical Billing issued the following statement: “Establishing guardrails to prevent surprise medical bills from private...
ProPublica: Medical Staffing Companies Cut Doctors’ Pay While Spending Millions on Political Ads
Below are excerpts from ProPublica. "Private equity-backed medical staffing companies that have cut doctors’ pay are continuing to spend millions on political ads, according to Federal Communications Commission disclosures." "The ads amount to $2.2 million since...