This is from the book Davos Man:
TeamHealth and Envision Healthcare employed one third of all staff in American emergency rooms. They are both owned by massive private equity firms.
“…those rolled into emergency rooms on stretchers, were frequently bewildered by the particulars of their policies.
One of the key things that most patients did not grasp was that they could go to a hospital that was solidly part of their insurance network, operating on the reasonable assumption that they would receive care at the lowest rate, only to be treated by an emergency room doctor who was outside of the network, triggering often-exorbitant bills.”
This happen more than 20% of the time, and it happened massively more than in other emergency departments. Essentially these evil companies took advantage of situations where patients were helpless, and stole from them.
This is a great example of how the rich (the owners of KKR and Blackstone – the private equity companies involved) cheat and deprive the poor.
Thankfully this was outlawed in January 2022. But you must wonder about the moral character of all the people who purposely did this, to give billionaires more billions.