Have PPO Networks Perpetrated The Greatest Heist In American History?

Dave Chase | Forbes | September 5, 2016

Trillions Have Been Redistributed from the American Workforce to the Healthcare Industry Creating An Economic Depression for the Middle Class

The Washington Post and Vox have done excellent reporting that shows U.S. spends so much more than other countries for one simple reason — price. The good news is that some have found the solution to severe pricing failure, however so few have that the Middle Class is in a 20-year long economic depression that is at least 95% due to healthcare. As we’ve delved into the issues putting together the story for The Big Heist film, it is clear that the explanation for the strangest presidential election in my lifetime has been badly misreported. At most, immigration and globalization account for 5% of wage stagnation (on the latter, a big reason for jobs moving overseas are healthcare costs). In other words, a minuscule portion of the wage stagnation is due to foreign countries.

Dave ChaseWe’ve gone to war for much less than what healthcare has done to America. In order to end the assault, one must look at the underlying drivers — not the symptoms — to understand how to restore the American Dream . There are a number of tricks the industry plays on healthcare purchasers but none is more pervasive, yet easy to fix, than PPO Networks. This has caused Americans to spend 30-50% (over $1 trillion per year) more than necessary resulting in nest eggs getting crushed and putting millennials on the path to be indentured servants to the healthcare industry.

On average, we find hospitals around the country pricing services (gross billed charges) at about 550% of Medicare and the BUCA PPOs providing discounts of approximately 50% off of those prices. It is amazing how little employers know about what they pay. I recently visited with a Fortune 100 company that sports 110,000 US based employees. I asked their HR VP how much they thought they were paying for healthcare relative to a Medicare benchmark, they had no clue and were flabbergasted when I gave them the answer. The BUCAs hide that information, of course...