Penelope
Diamond Member
- Jul 15, 2014
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The Department of Justice Believes United Healthcare Is Defrauding Medicare
United Healthcare, the largest provider of Medicare Advantage (MA plans) services, is being sued by the Department of Justice (DOJ) for fraud. To give you a sense of United Healthcare’s size consider that just their third quarter revenue was $46.3 billion, up 11.6 per cent from the same period a year earlier, and the bulk of the growth was billing services and data analysis for healthcare groups, which ws up 34 percent since the beginning of 2016.
And to get a sense of the concern about the DOJ joining a whistle-blower lawsuit, consider this
The Department of Justice Believes United Healthcare Is Defrauding Medicare | American Council on Science and Health
The CEO of UnitedHealth, Higgins pointed out, alone made $66 million last year.
"We're sitting here talking about giving big insurance companies a tax break on the exorbitant compensation to pay their executives?" Higgins said. "We should repeal this provision and replace it with an admonishment to the insurance companies to get your salaries in line with reality."
That provision, however, represents just a small fraction of the approximately $600 billion in revenue it is estimated the government would lose if the GOP Obamacare replacement plan was implemented. Much of those costs would come from the repeal of ACA-related taxes, which disproportionately affect wealthier Americans.
"So, essentially, what we have here to kick off ... is a beginning of a huge giveaway to the very, very wealthy, a huge giveaway, and the silence from the other side I would think indicates deep embarrassment, if possible," Levin said, referring to Republicans on the committee.
"Six hundred billion, with the vast majority going to wealthy families. That describes so vividly the mistake with this bill, and will emphasize those who are going to lose their benefits and their insurance coverage, millions and millions, while billions are going to the very few," Levin said. "That's really what this all about."
Outrage over $400 million tax break for insurance executives under GOP Obamacare replacement plan
Taking from the poor and lower middle class and giving it to the wealthy, while UH is scamming Medicare
We need to get rid of these insurance companies, and many of the GOP.