The previous administration started a program that allowed for-profit insurers to grab a piece of traditional Medicare and apply the same kind of for-profit bureaucracy and excessive Executive Compensation we currently see in Medicare Advantage. Somehow this was thought to lower costs and increase the quality of the health care.
Trump-era Medicare program under increased scrutiny
The program allows private companies to participate in Medicare as part of a broader health department effort to improve care while limiting the government’s costs.
Warren, during a finance committee hearing earlier this month, blasted the direct contracting model for attracting “corporate vultures hoping to feed on Medicare” — remarks that two people familiar with the matter said caught the attention of the White House and hastened a reevaluation of the policy. The program aims to allow medical providers to get paid more if they keep patients healthier and reduce overall costs to Medicare.
Biden health officials are weighing a range of potential changes, from new constraints to outright termination, the people familiar with the matter said.
Remember, a health insurance lobbyist, Steve Ricchetti, sits at the right hand of Joe Biden in the White House as his chief advisor.