Insurers extracted $50 billion from Medicare via questionable diagnoses, often without patient knowledge.

According to a recent investigation by The Wall Street Journal, insurers involved in the Medicare Advantage program collected approximately $50 billion extra from Medicare by making questionable diagnoses. These diagnoses were often added without the knowledge of patients or their doctors, leading to higher payments from the government.

Sources:

https://kffhealthnews.org/morning-breakout/insurers-bilked-50b-from-medicare-for-dubious-diagnoses-review-finds/

https://finance.yahoo.com/news/insurers-bilk-medicare-50-billion-230658994.html

https://finance.yahoo.com/news/insurers-made-patients-appear-sicker-112500975.html

Insurers collected $50 billion extra from Medicare by making questionable diagnoses, often without the knowledge of patients or their doctors, per WSJ.

— unusual_whales (@unusual_whales) July 15, 2024