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.
Leading Union Group Urges Congress To Address Growing Affordability Crisis From Surprise Medical Bills, Private Equity Firms Exploiting Patients
In new letters to Senate and House leaders, UNITE HERE President D. Taylor called on Congress to protect millions of patients and families from surprise medical bills. Highlights from his letters are included below: September 11, 2019 Dear Representative: On behalf of...
ICYMI: Congress is Poised to Stop Surprise Medical Billing. Now a Shady Interest Group is Trying to Tank It
Below is an excerpt from The Daily Beast Congress is Poised to Stop Surprise Medical Billing. Now a Shady Interest Group is Trying to Tank It Congress is getting close to advancing one of the few significant bipartisan reforms to the health care system still on the...
WaPo Op-Ed: It’s Time for Congress To Put An End To Abusive Tactics From Private Equity Firms On Surprise Bills
No one likes surprise medical bills. So why are there so many roadblocks in the way of actually achieving a legislative fix? Read below excerpts from Ezekiel Emanuel's op-ed in the Washington Post. You can read the full piece here. "Essentially no one in the...
ICYMI: A Massive Lobbying War Could Kill A Bipartisan Effort To End The Surprise Medical Billing Crisis
Below is an excerpt from BuzzFeed News A Massive Lobbying War Could Kill A Bipartisan Effort To End The Surprise Medical Billing Crisis WASHINGTON — Congress is trying to fix one of the most glaring market failures of the American health care system, but a...
ICYMI: Why Private Equity Firms Don’t Want A Solution to Surprise Medical Bills
"Prices Tumble For Debt Backing KKR’s $9.9bn Envision Buyout" Below is an excerpt from the Financial Times The debt backing KKR’s $9.9bn buyout last year of Envision Healthcare has tumbled in value, reflecting investor fears that greater government scrutiny of US...
ICYMI: Mystery Group Puts $13 Million Into Ads On Surprise Health Bills
"Mystery Group Puts $13 Million Into Ads On Surprise Health Bills" Below is an excerpt from Bloomberg Government A shadowy group has spent more than $13 million since July advertising in states with vulnerable senators to oppose legislation that would rein in medical...
ICYMI: Financial Times: US healthcare provider loans tumble as politicians target patient billing
"A push on Capitol Hill to stop US patients from being caught unaware by medical bills is weighing on the debt of KKR-backed Envision Healthcare, the target of one of the biggest leveraged buyouts last year. The proposed law, seen as having broad bipartisan support in...
When Patients Are Feeling Low, Envision Goes High on Surprise Medical Bills
Envision Healthcare Corp., the parent company of EmCare which is notorious for exorbitant surprise medical bills, is now facing a class-action lawsuit from several Texas patients who were on the receiving end of unfair and excessive out-of-network charges. The...
When Patients Are At Their Most Vulnerable, Private Equity Firms See “Opportunity to Reap Above-Market Returns”
In an op-ed for The Hill, co-director of the Center for Economic and Policy Research Eileen Appelbaum highlights the explosion of private equity-backed provider firms that see profit opportunities when patients are at their most vulnerable. "Private equity has shaped...
Flashback: NYT Profiles “The Company Behind Many Surprise Emergency Room Bills”
The growing presence of private equity-backed provider and specialty medical groups 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. EmCare,...