I don’t think anyone is going to be investigating Medicare Advantage fraud for a while. This is bullish for the health insurance companies.
intercst
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You beat me to the punch. I was going to say "oh goody, a quack running Medicare/Medicaid. Oz had admitting privileges at a sizeable hospital. The other doctors petitioned hospital management to revoke his privilege, because of the quack remedies Oz promoted on his TV show.
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By the way, my HUM, a bet on slack regulation, was up over 2% today.
Steve
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It’s interesting that UNH was the worst performing Dow component today.
Pete
I think OZ heading up medicare etc., puts a big red cherry color atop targeting health industry leeches in the upcoming pushback (two years before these easier targets) against overreach by the current victors.
Overreach easily leads to ferocious reform on things that are obvious to the public. Only inflation in gasoline and egg prices are more egregiously “in your face” than familial medical costs, and voters do tend to have families.
d fb
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After Trump gets a war started, spikes inflation to 15% with tariffs and expulsions of 1/2 of the California field workers and Medicare & private health insurance gouging, the Zombies will be like, “at least we’re not woke!”
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Realizing you meant that as sarcasm, but, that is, essentially, it.
Steve
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There are tons of law suits against them. Many of those suits would knock the underpinning of their business apart. They have been trying to corner the market in each city by signing exclusive contracts with the biggest hospitals. That probably will be found illegal. Meaning their business model will fail. But to gain a footing they have agreed to pay doctors at those hospitals more money for years now.
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Oz wants to put everyone on Advantage, off regular Medicare. We’re not in Kansas anymore, Toto.
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