Medicare’s finances got much worse in the last couple of years, foreshadowing tough choices for the new government!

The latest Medicare projections from the Congressional Budget Office (CBO) show the extent to which the COVID-19 pandemic has hurt Medicare’s financial outlook, and foreshadow the tough choices facing the next President and Congress. According to CBO’s estimates, Medicare’s Hospital Insurance Trust Fund will have insufficient funds to cover all benefit costs beginning in 2024…

Hospitals charge a lot more when Wall Street owns them

Hospitals owned by private equity firms rake in almost 30% more income than hospitals that aren’t, according to new research published this week in JAMA Internal Medicine. Private equity is gobbling up more and more of the health care industry. Investors are buying up physicians’ practices, hospitals and the firms that negotiate prices with insurers. Their ownership of ambulance operations and…