Jul
05
How Private Equity Keeps States Invested in Medical Billing Practices They’ve Banned
ByThe link between private equity and pension funds means states are inadvertently cashing in on practices they’ve set out to stop.
Several states have barred medical providers from shocking patients with surprise bills for thousands of dollars, but pensions in those same states are poised to profit from the practice.
Public-employee retirement funds in California, New York, Oregon and other states have heavily invested with a private-equity firm, KKR & Co., that’s been buying up companies known for demanding steep payouts for emergency medical treatment and hospital stays that may not have been entirely covered by a person’s health plan…
How Private Equity Keeps States Invested in Medical Billing Practices They’ve Banned
