Category Archives: In the Money

Greed does not heal – it kills.

His Wife’s Terminal Cancer Drug Was Quoted at $13,000 Monthly. Then He Found It For $40

When Debbie Rhodes (pictured with husband Randy) filled her prescription for imatinib for the first time, their local pharmacist in Leawood, Kansas, shared in their relief, noting that the drug’s out-of-pocket cost ranged from $13,000 to $15,000 per month. The medication worked wonders: After starting the treatment, Debbie’s blood work showed the drug was keeping her cancer from progressing (Debbie and Randy Rhodes)

When Debbie Rhodes was diagnosed nine years ago with a terminal blood and bone marrow cancer,an unlikely hero would ultimately come to the rescue: Shark Tank star and billionaire, Mark Cuban. Continue reading

The Medicaid Money Trail Leads Somewhere You Won’t Like

I’ve been investigating federal waste and fraud for 20 years. This is the biggest scandal I’ve ever found.

COLUMBUS, Ohio — Just before the Department of Government Efficiency closed its doors, it made a quiet move that may end up as its most lasting impact on the federal deficit.

DOGE published a massive trove of data in February that, for the first time, lets the public see what companies are billing Medicaid for. For decades, the payouts have been shrouded in secrecy. One of the largest government programs was a black box.

I’ve spent the past two months diving into the numbers. What I found was the most blatant waste of federal dollars that I have encountered in my two decades as an investigative reporter.

This is the first part of “Medicaid Millionaires,” a series exposing billions of dollars in dubious “personal services” payments where people are paid to spend time with their own family.  Continue reading

Medical Providers Pressured to Put Privacy Over Patient Safety

A pro-lifer says lawmakers are trying to prevent the federal government from getting specific information about things such as abortion.

Under a bill the California Legislature may soon approve, medical providers and affiliated businesses could face hefty state fines if they comply with a federal subpoena seeking information about abortion. Continue reading

Mark Cuban Calls Health Insurance ‘The Most Hated Industry‘ and Says Politicians Don’t Act to ‘Break Them Up‘ – ‘All Lip Service

Billionaire Mark Cuban says big drug and insurance companies in the U.S. have grown too powerful to care about ordinary people, but policymakers aren’t taking any real action to fix it.

Speaking at the Punchbowl News Conference in Washington, DC, earlier this month, Cuban said major insurance companies run vertically integrated empires — they control everything from pharmacy benefit managers to wellness programs. That’s why they hold so much power over the entire healthcare system. His fix? Force them to divest non-insurance businesses and level the playing field. Continue reading

How Medical Licensing Serves Big Pharma at the Expense of Public Health

We’re supposed to believe that medical licensing exists to protect healthcare consumers from “quacks” and “charlatans.” The purpose, we’re told, is to improve the quality of healthcare, yet this system has manifestly failed to produce good patient outcomes.

The simple explanation for this is that medical licensing was never designed to protect the interests of healthcare consumers. Instead, the purpose has always been to protect the financial interests of a medical trade organization allied with the pharmaceutical industry.

The effective result is a government-enforced medical cartel that masquerades as a “health care” system. Continue reading

Mark Cuban Asks Why Insurance Pays $2,500 for an MRI When a Center Down the Street Charges $350

Billionaire entrepreneur Mark Cuban isn’t letting the absurdity of America’s healthcare costs slide – not when a scan can cost more than some used cars.

On Saturday, Cuban reignited his crusade for healthcare reform by highlighting what he sees as a glaring pricing failure. “Explain to me why the insurance company will pay $2500 for an MRI when there is a center down the street that will do it for $350?” he wrote on X. Continue reading

Our Broken Healthcare Insurance System… A Physician’s Perspective From the Front Lines

The modern American health insurance system didn’t emerge because someone designed it thoughtfully, and it shows. It evolved from a series of political, economic, and cultural accidents beginning largely around the period of World War II. As with many political redistribution schemes, once underway, the system has snowballed into the unsustainable trajectory we see today.

My goal in writing this article is to explain how we got here, describe the present situation from the physician’s vantage point, and outline what must change to restore sanity to American healthcare. Continue reading

Terrible Effects of Medicare Price Controls Are Here

          BIG Pharma

Medicare will impose price controls on prescription drugs for the first time when the calendar flips to January. Even before those controls formally take effect, the damage is already being done. The scheme has begun to hollow out America’s biomedical research ecosystem.

Patients will pay the price — in the form of fewer new therapies for disease, particularly cancer.

The price-control gambit was enacted as part of the Inflation Reduction Act, which a Democrat-controlled Congress passed on a party-line vote and then-President Joe Biden signed into law in August 2022. The law empowers the federal government to set the prices Medicare pays for a steadily expanding number of prescription medicines. Continue reading

FDA Upgrades Recall on More Than 33,000 Bottles of Blood Pressure Drugs Nationwide

…and since this was published… The Gubmn’t has shut down! ~ Editor

The FDA said that a generic version of metoprolol was recalled because it failed to meet the agency’s criteria. (Oh GOODY – My Heart Doctah has this stuff prescribed to me! – Editor)

The Food and Drug Administration on July 8 upgraded a recall of a generic version of blood pressure medication metoprolol to its second-highest level because it failed to meet the FDA’s own criteria.

The recall notice encompasses metoprolol succinate extended-release tablets in 25 milligram doses in 100-count and 500-count bottles. India-based Granules Pharmaceuticals Inc., the manufacturer, voluntarily recalled the medication, which is a beta-blocker used to treat high blood pressure, heart failure, and angina, or chest pain. Continue reading

Trump Announces Deal With Pfizer to Lower Drug Prices

President Trump on Tuesday announced that Pfizer had agreed to sell its products in the U.S. at “Most Favored Nation” pricing, one day after the administration required companies to respond to his prescription drug pricing executive order.

Drugmakers were given until Sept. 29 to respond to Trump’s “Most Favored Nation” Executive Order that required companies sell drugs in the U.S. at the lowest price they sell in other developed countries, establish direct-to-consumer avenues and not sell new drugs for lower prices in other countries.

“Pfizer is committing to offer all of their prescription medications to Medicaid. it will be at the most favored nation’s prices. It’s going to have a huge impact on bringing Medicaid costs down like nothing else,” Trump said in a press briefing in the Oval Office. Continue reading

What Happens When Private Equity (PE) Takes Over a Hospital

New analysis shows alarming increase in patient complications

Editor’s NOTE: The following was introduced to me from our writer, Charles R. Dickens as a part of his recent column, The Business of Medicine, which follows directly below this column. It is all well worth your efforts and time to follow through. You will begin to understand the control and manipulation of the complete Medical Ssytem in this nation today. ~ Jeffrey Bennett

Patients are more likely to fall, get new infections, or experience other forms of harm during their stay in a hospital after it is acquired by a private equity firm, according to a new study led by researchers at Harvard Medical School.

The research, published Dec. 26 in JAMA, is among a handful of recent nationwide analyses of how private equity takeovers affect the quality of patient care in hospitals. The increases are seen in conditions or outcomes deemed preventable and are key measures of hospital safety and quality.

The findings come amid growing concerns about private equity’s increasing role in U.S. health care, with $1 trillion invested in the past decade.

Continue reading

Dickens: The Business of Medicine

Medicine and Private Equity Firms (PEFs)

…or – Making Pain Pay!

Hippocrates, for whom the Hippocratic Oath is affectionately named, covers the breadth and depth of his knowledge and teachings from his life as a healer. Scholars believe it to be a compilation of his writings and teachings, estimating that it was written in the 4th or 5th century BC. The most memorable phrase attributed to Hippocrates, “First do no harm”, as an admonition to the physicians who would follow him, is a paraphrase of ‘either help or do not harm the patient,’ and probably ‘I will abstain from all intentional wrongdoing and harm.’

It offers a comprehensive list of cautions for covering topics such as Abortion, Religious Themes, and Euthanasia. Hippocrates’ central premise is to ‘Treat the patient, not the disease’, which is a real departure from where we find ourselves today in Merka and the Business of Medicine – or as I like to think of it, “Making Pain Pay”!

The ghastly adjunct to this is Big Pharma –  the Drug Companies!

Continue reading

A Devastating New Exposé of Johnson & Johnson Indicts an Entire System

An investigative history of the scandal-plagued company shines a light on a health care industry riddled with corruption and criminality.

Illustration by Deena So’oteh

If health care industry corruption and criminality were a city skyline, it would be booming, with tower cranes and half-built skyscrapers in every direction. Among the downtown giants at the center would stand Johnson & Johnson, an iconic U.S. company whose villainy receives a just and overdue accounting in Gardiner Harris’s No More Tears: The Dark Secrets of Johnson & Johnson.

The book is an investigative demolition job in the best tradition of muckraking exposés and should find a sizable and receptive audience at a moment when public sentiment toward our corporate health care system ranges between Ralph Nader and Luigi Mangione. Harris, a former reporter for The New York Times, spent years digging into the company’s past and conducted hundreds of interviews, but the most damning evidence in the book comes from internal documents that have surfaced during decades of lawsuits against the company’s long record of public endangerment. Continue reading