Private credit is supposed to be people taking risks with business ideas and investments, and if it doesn’t work out, they pay the piper. But, Private equity is using insurance companies to take advantage of laws meant to bail out insurance companies to make it so the public is still on the hook for their risky investments. If the investments go well, private equity keeps those gains, if the investments go poorly, they offload the losses on an unwilling public.
Hospitals are seeing more uninsured patients showing up, and more people are putting off surgeries due to lack of insurance. This is likely caused by Trump policies limiting ACA credits and making it harder to qualify for help.
To offset losses due to treating uninsured people for free, hospitals will raise prices.
Private equity owned dental offices are pushed by the owners/investors to give expensive dental care whether or not it is needed.
They hide the ownership of their offices by naming them like they are independent offices.
Dental insurance is not insurance. It’s a coupon. If you have a heavy dental bills, dental “insurance” will only pay a small minority of that. Calling something insurance that is not insurance should be considered fraud.
“More Americans are turning to cheaper Obamacare plans to avoid premium sticker shock, according to preliminary data from states.
But the switch comes with a caveat: thousands in extra out-of-pocket costs that policy researchers say may make people hesitate to get medical care when they are sick or injured.
…
The subsidies’ expiration on Jan. 1 caused annual premiums to spike more than $1,000 on average for subsidized enrollees, according to one estimate from the health research organization KFF.”
“The HHS stressed on Monday that all 17 vaccines, including those no longer recommended for all children, will still be covered at no out-of-pocket cost to patients by government and private health insurance plans.”
“Mark Cuban is taking aim at the U.S. healthcare system, arguing that widespread billing abuse by insurers and providers could be a major source of federal revenue–if only they were held accountable.
“If we fined insurers and providers $100 every time they over-billed, incorrectly denied care or misrepresented any amount of patient out of pocket, we could pay off the national debt,” the billionaire entrepreneur posted on X last week.”
By letting the Covid-era boost to ACA subsidies end, Republicans are making health insurance for 24 million people much much more expensive. These are people who: don’t get subsidized health insurance at work, make too much for Medicaid, but also too much for regular ACA subsidies. Many are small business owners.