Daily Business Report |
| The Surge In "Surprise" Medical Bills Bankrupting Americans Can Be Blamed On Private Equity Posted: 09 Oct 2019 06:32 AM PDT Surging "surprise" medical bills in the U.S. are private equity's fault, a new FT opinion piece claims. These "surprise" medical bills continue to be a major talking point in the U.S. and are likely to be a key issue during the upcoming 2020 Presidential race. The term refers to invoices that are generated after a patient is admitted to the hospital and treated, without their knowledge, by someone not in their insurance plan. And a recent Stanford study shows that these "surprise" bills continue to become more ubiquitous. They are up from about 33% of visits in 2010 to almost 43% in 2016. For inpatient stays, the number is even more alarming: the jump goes from 26% to 42%, with the average cost per patient rising from $804 to $2,040. It's an issue that only adds to the overwhelming debt bubble we have again created in the U.S. The opinion piece notes that these rising costs come not from hospitals, but rather from the "backwaters of the financial markets": The prices of junk bonds issued by "physician services companies" have been sliding in the past month as their owners weigh the possibility and costs of political intervention. These point to the real source of the problem: private equity's silent colonisation of parts of the healthcare profession. Read the entire article |
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