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.
Hospital sticker prices can rise faster than inflation
Below is an excerpt from Reuters. Click here to read the full story. Reuters: Hospital sticker prices can rise faster than inflation Nov. 11, 2019 By Lisa Rapaport U.S. hospitals’ sticker prices for two common sources of surprise medical bills have climbed far faster...
With Medical Bills Skyrocketing, More Hospitals Are Suing for Payment
At a time when surprise medical bills from private equity-backed physician staffing firms are bankrupting patients, the New York Times recently highlighted how hospitals across the country are ramping up legal action against patients over medical debt. It’s one of the...
Patient Blindsided By $11,000 Surprise Medical Bill
As Congress considers proposals to address surprise medical billing, patients across the country continue to bear the brunt of this growing affordability problem. The latest example: after recovering from a double lung transplant, Tom Saputo was blindsided by an...
Harvard Business Review: The Role of Private Equity in Driving Up Health Care Prices
Below is an excerpt from Harvard Business Review. Click here to read the full article. Harvard Business Review: The Role of Private Equity in Driving Up Health Care Prices Oct. 29, 2019 By Lovisa Gustafasson, Shanoor Seervai, and David Blumenthal Private investment...
New Poll Shows Voters Want Congress to Take Action on Surprise Medical Bills, Prioritize Reforms That Lower Premiums and Costs for Consumers, Businesses and Taxpayers
More than 70% of voters would be frustrated if Congress did not pass legislation to regulate the role of private equity companies in surprise medical billing Washington, D.C. – As Congress looks to address surprise medical bills at the end of the year, a new...
Star-Ledger: Ads try to hide the real cause of those sky-high surprise medical bills
Read the full story at the Star-Ledger. Most people assume that if they are treated at a hospital in their insurance network, the doctors they see will accept their insurance. But that’s not always the case. Since 2010, an increasing number of hospitals have...
Financial Times: Congress examines private equity role in surging healthcare costs
Below is an excerpt from the Financial Times. Sonji Wilkes from Englewood, Colorado, had taken care to ensure her health insurance was up to date in preparation for her baby’s arrival. Tom was born with severe haemophilia and had to be transferred for specialist care...
Financial Times: Private equity has inflated US medical bills
Below is an excerpt from the Financial Times. What has been driving these nasty surprises? Outsourcing is clearly part of it. But that’s hardly new: hospitals have been contracting out specialised services for decades as they strive to save costs. A better place to...
Sen. Shaheen: Tackling Surprise Medical Bills Must Remain At The Top Of The Senate’s Agenda
In a speech from the Senate floor last week, Sen. Jeanne Shaheen (D-NH) describes how private equity firms abuse the health care system to profit off of patients. Read excerpts from Senator Shaheen's floor speech below. "The voices of Granite Staters who are...
Private Equity is Pushing Arbitration for a Simple Reason: It Leads to Higher Prices
How Arbitration For Surprise Medical Bills Leads To Runaway Costs & Higher Premiums By: Avik Roy Read the full story at Forbes. Congress is making progress on surprise medical bills in the emergency room, a problem that is affecting a growing number of patients....