Mark Cuban slams hospitals for inflating healthcare costs
Mark Cuban, the billionaire investor behind Cost Plus Drugs, criticized hospitals for inflating healthcare costs after a report exposing UnitedHealthcare for “gaming” the Medicare system was released.
TL;DR
- Mark Cuban criticizes hospitals for inflating healthcare costs.
- Cuban calls for insurance companies to divest noninsurance assets and be "broken up".
- A report by Senator Chuck Grassley alleges UnitedHealthcare gamed the Medicare Advantage system.
- UnitedHealthcare allegedly made patients appear sicker to receive more money from Medicare.
- Grassley stated that inflated federal spending to UnitedHealth Group harms Medicare Advantage and taxpayers.
- Concerns over high healthcare costs have intensified following the death of UnitedHealthcare CEO Brian Thompson.