JLW
Diamond Member
- Sep 16, 2012
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If you guessed because the waste goes to Trump’s donors, you’d be right!
The Trump administration announced Friday it would delay the implementation of a Biden-era rule meant to restrict coverage of unproven and costly bandages known as skin substitutes.
The policy will be delayed until 2026, allowing companies to continue setting high prices for new products, taking advantage of a loophole in Medicare rules. The companies sell those bandages at a discount to doctors, who then charge Medicare the full sticker price and pocket the difference, The New York Times reported on Thursday.
Medicare spending on the coverings soared to over $10 billion in 2024, up from $1.6 billion in 2022, according to an analysis done by Early Read, an actuarial firm that evaluates costs for large health companies. Some experts said the bandage spending was one of the largest examples of waste in the history of Medicare, the insurance program for seniors.
A super PAC for President Trump’s election campaign had received a $2 million donation from Extremity Care, a leading seller of skin substitutes.
www.nytimes.com
What a joke the Trump regime is turning out to be.
Bringing down the economy, lying about rooting out waste and turning into haven for thieves.
The Trump administration announced Friday it would delay the implementation of a Biden-era rule meant to restrict coverage of unproven and costly bandages known as skin substitutes.
The policy will be delayed until 2026, allowing companies to continue setting high prices for new products, taking advantage of a loophole in Medicare rules. The companies sell those bandages at a discount to doctors, who then charge Medicare the full sticker price and pocket the difference, The New York Times reported on Thursday.
Medicare spending on the coverings soared to over $10 billion in 2024, up from $1.6 billion in 2022, according to an analysis done by Early Read, an actuarial firm that evaluates costs for large health companies. Some experts said the bandage spending was one of the largest examples of waste in the history of Medicare, the insurance program for seniors.
A super PAC for President Trump’s election campaign had received a $2 million donation from Extremity Care, a leading seller of skin substitutes.
Trump Administration Delays Plan to Limit Pricey Bandages
Medicare spending on “skin substitutes” reached $10 billion last year. A leading seller made a large donation to President Trump’s election campaign.
What a joke the Trump regime is turning out to be.
Bringing down the economy, lying about rooting out waste and turning into haven for thieves.
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