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.
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...
Kaiser Health News: In Fine Print, HHS Appears To Ban All Surprise Billing During The Pandemic
Below are excerpts from Kaiser Health News. Read the full story here. "Federal officials offering emergency funding to hospitals, clinics and doctors’ practices have included this stipulation: They cannot foist surprise medical bills on COVID-19 patients. But buried...
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...
ProPublica: ER Staffing Company Reverses Benefits Cuts for Doctors and Nurses Fighting Coronavirus
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...
When Private Equity Knocks On Your Door
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...
The Cost and Perils of Arbitration
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...
JAMA Op-ed: Surprise Billing In Surgery – Time For Action
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...
Law360: From Hospital to Jail – Debtors Face Growing Arrest Threat
Below is are excerpts from an article published in Law 360. To view the full article, click here. From Hospital to Jail - Debtors Face Growing Arrest Threat By Jack Karp "The knock came just four days after Steven Krueger got out of the hospital. He was recovering...