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Mythbusting: Doctors are the reason healthcare costs are high in US. THREAD
GIF
Damian Caraballo MD
29.6K posts
Damian Caraballo MD
@813JAFERD
#BAFERDLife in the ED. Med education, Health policy, sports, Florida man. Views my own. “Healthcare” should be two words & run by people who see patients.
Florida, USA
Joined August 2017
- If you want to see why people are so vicious towards United Healthcare right now, let's do a thread on some of the most egregious health insurer behaviors 🧵
- Replying to @813JAFERD1) United Healthcare is 8th largest company by revenue in the WORLD. It made $389B last year...$2B less than Apple. It made more money than Exon, Microsoft, Samsung, JPM United Healthcare also denies 32% of its claims...highest among health insurer
- Replying to @813JAFERD9) so you see, there's a lot of animosity towards the 8th largest company in the world, who's practice is is to deny care & hurt Americans while their stock price has surged >800% since ACA. It's time for @TheJusticeDept to break up Big Insurers
- Replying to @813JAFERD2) United is being sued for making an auto-denier AI program "known by the company to have a 90% error rate, overriding determinations made by the patients' physicians that the expenses were medically necessary." This directly resulted in multiple elderly deaths in midwest
- Replying to @DeanoFateah yes that out of context data that shows children with disabilities who go on Medicaid are more likely to be vaccinated? Are you trying to draw a conclusion from this or just don't know how to interpret random data dumps?
- Replying to @813JAFERD3) Despite making more money than GM & Ford combined, UNH was found by a govt Watchdog of defrauding Fed govt of $3.2B in extra federal payments for health related assessments.
- Replying to @813JAFERD7) 80% of US bankruptcies due to medical bills had health insurance when they got sick. While out of pocket costs have rocketed up,
- Replying to @813JAFERD4) UNH is most famous for the $35 Ingenix lawsuit in 2000's. In it, they used a database to improperly reimburse MDs for services. The lawsuit used proceeds to start FairHealth
- Replying to @813JAFERD6) since Andy Slavitt took over CMS in 2014, $UNH stock is up 790%. Out of pocket expenses health insurance premiums are up 67% since 2008.
- Replying to @813JAFERD5 Ingenix was reborn as Optum. Maybe you heard of the Optum CEO during the Ingenix scandal Andy Slavitt. He was an architect of the ACA & became CMS director under Obama.
- Replying to @813JAFERD8) here's health insurer premiums past 25 years (up 213%) mapped out vs BIG Health insurer stock prices since ACA (up >800%)
