Episode 927 • • 41:49 - 49:05
927: Meme Fumes
Insurance Industry Rackets, Medical Reimbursement Realities
The healthcare crisis is attributed to the "banking" nature of insurance companies and the administrative burden of Electronic Medical Records (EMR). Doctors are currently reimbursed as little as $7 for a Medicare office visit and often face a 180-day expiration on collections. Large hospital corporations are responding by buying up private practices at 1.5 times valuation to control the entire medical pipeline.