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this post was submitted on 29 Aug 2024
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So they spent $400m to save money? How many decades until they break even? Imagine what good that money could have done.
I'm sure they're bilking patients out of hundreds of millions a year with that "investment."
Given that medicaid costs something like 880000 million dollars, I can pretty much promise that it saved money if it was denying people en masse.
The whole healthcare system private and public is corrupt and lining the pockets of the wealthy at scale. All the middlemen are leeches from the insurance companies, to the "service" companies that clean hospitals, nursing homes, to the medical supply companies that charge egregious prices.
It doesn't matter if the healthcare provider is nonprofit because all the other ancillary services make loads and loads of cash... which means medicare/medicaid and all private insurances end up spending tens of thousands of dollars per patient, or more. Turns out... private health insurance profits are regulated to a percentage of money spent on treatments...more spend = more potential profits. It's a balancing act of raising insurance subscription prices and raising treatment cost negotiations so that they hit that percentage and maximize profit per year.
880 thousand million dollars?
aka 880 billion dollars. Was just keeping the millions total to match the scale of the previous figure.
Well no. They spent 400 million dollars and got a buggy system that routinely dropped people, assigned benefits to the wrong place, failed to load required data, and so much more. Medicaid isn't concerned with saving money.
This isn’t about Medicaid. This is about conservatives constantly looking for their bogeyman.
You think the Tennessee government told Deloitte to to give them a fucked up system?
That’s poor oversight. And an incomplete product. Too big for their britches.