Big Pharma

The Most Egregious Healthcare Profiteering Announced

GREED IS GOOD –

Jan, 7, 2025 – Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. Also  the outdated practice of baby tongue-tie cutting, which continues to be falsely touted as a cure for several ailments, from sleep apnea to nursing trouble.

Shady billing practices from Zynex Medical, a company specializing in nerve-stimulation devices used for pain management, took the No 8 slot. Patients received Zynex devices understanding the expense would be covered by insurance, according to a report from Stat News. Users then got unsolicited supplies of items like batteries and electrode pads delivered to them (often excessive quantities), which they ultimately got charged for. The report states that almost 70% of Zynex’s $184m in revenue in 2023 came from batteries and electrode pads.

“This is just classic over-billing. It’s fraud,” Patricia Kelmar, a senior director at the research group US Pirg and judge on the panel, said. “The patients feel that they owe the money because they already received the supplies. We see a lot of this kind of abuse within the pain-management field.”

CONTINUE@TheGuardian

C Luke

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