The company says it is protecting nursing home residents by curbing unnecessary hospital transfers. Whistleblowers allege cost-cutting tactics have endangered the elderly
  • SpaceNoodle@lemmy.world
    2·
    19 hours ago

    It doesn’t, it’s just fraud. Go ahead and look up the relevant laws for the illegal actions I listed.

    They use those tactics to avoid shelling out money that they’re supposed to.

    I can only assume that you’re just being obtuse at this point.

    • null@piefed.nullspace.lolEnglish
      12·
      19 hours ago

      They use those tactics to avoid shelling out money that they’re supposed to.

      But how?

      a = Premiums
b = Healthcare spend
c = Rebates
d = Revenue

b + c = (a x 0.8)

d = a - (b + c)
d = a - (a x 0.8)
d = a x 0.2

      Therefore, no matter how much you drop b, d is still always going to be 20% of a.

      Where does the extra amount in d come from?