MONEY

The Cause of Out-of-Control Healthcare Prices: Washington

Washington directly controls payments for 186 million Americans, 56 percent of the population, through Medicaid/CHIP, Medicare, Tricare, and Emergency Medical Transport and Labor Act of 1986.

The Medicare Advantage Influence Machine

KFF Health News – Federal officials resolved more than a decade ago to crack down on whopping government overpayments to private Medicare Advantage health insurance plans, which were siphoning off billions of tax dollars every year. But Centers for Medicare & Medicaid Services officials have yet to demand any refunds — and over the years the private insurance plans have morphed into a politically potent juggernaut that has signed up more than 33 million seniors...

How a Leading Chain of Psychiatric Hospitals Traps Patients

Acadia Healthcare is holding people against their will to maximize insurance payouts, a Times investigation found.

96-year-old California woman facing eviction from seniors home unless she coughs up $110K

Pacific Senior Living, the San Diego-based parent company of Pacific Grove Senior Living, served the 96-year-old with the eviction notice on Aug. 16, saying she had three days to send them $110,000 or face eviction.

Americans keep turning their backs on McDonald’s

CNN – Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. But McDonald’s believes it has a solution: Value meals. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, Wendy’s and other rivals are also reporting less...

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