Who Profits From Medical Debt?

You hear about the people that are screwed by medical debt….how they have lost everything to pay those massive bills that come in the mail and phone calls.

But that is all too common….every thought about who profits by throwing people into debtors prison (not really but has the same results)…..IST would be remiss if I did not tell the rest of the story…..

Patients at North Carolina-based Atrium Health get what looks like an enticing pitch when they go to the nonprofit hospital system’s website: a payment plan from lender AccessOne. The plans offer “easy ways to make monthly payments” on medical bills, the website says. You don’t need good credit to get a loan. Everyone is approved. Nothing is reported to credit agencies.

In Minnesota, Allina Health encourages its patients to sign up for an account with MedCredit Financial Services to “consolidate your health expenses.” In Southern California, Chino Valley Medical Center, part of the Prime Healthcare chain, touts “promotional financing options with the CareCredit credit card to help you get the care you need, when you need it.”

As Americans are overwhelmed with medical bills, patient financing is now a multibillion-dollar business, with private equity and big banks lined up to cash in when patients and their families can’t pay for care. By one estimate from research firm IBISWorld, profit margins top 29% in the patient financing industry, seven times what is considered a solid hospital margin.

Hospitals and other providers, which historically put their patients in interest-free payment plans, have welcomed the financing, signing contracts with lenders and enrolling patients in financing plans with rosy promises about convenient bills and easy payments.

For patients, the payment plans often mean something more ominous: yet more debt.

Millions of people are paying interest on these plans, on top of what they owe for medical or dental care, an investigation by KHN and NPR shows. Even with lower rates than a traditional credit card, the interest can add hundreds, even thousands of dollars to medical bills and ratchet up financial strains when patients are most vulnerable.

How Banks and Private Equity Cash In When Patients Can’t Pay Their Medical Bills

You now see that your health issues money in the bank for Pharma and the health industry.

While you were rotting your brain on Twatter, Tik Tak and other mindless sites your life is being dismantled….and seemingly with your permission.

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Let’s Return To Ukraine

With all the celebrating surely we have not forgotten Ukraine.

Most have but not me…I am like a wolf on the trail of a weak bison.

Did you know that before we had a deal to keep our government up and running we had to promise to give even more cash to Ukraine.

What part of that would keep the government up and functioning?

Can anyone remember back to the 60s and that far away place Vietnam?

It became a ceaseless war….can there be others?

That my friends is what is called a “Proxy War”….between the US and the USSR.

Now we have Ukraine…..and that is also a proxy war…..

Will the Ukraine conflict become another of these ceaseless wars? It is difficult to see why it should not, since neither Moscow nor Kyiv is likely to win a decisive victory but they still hope to improve their political and diplomatic position on the battlefield. The Russians are using precision-guided missiles and drones to destroy the Ukrainian infrastructure and the Ukrainians are beginning to fire missiles back at ostensibly military targets. It may not be long before they decide that if they are going to sit in the dark, so too will the Russians.

A crucial question is whether or not the progressive destruction of the Ukrainian electrical-generating and transmission system is unstoppable, however many anti-aircraft missiles are sent by the Nato powers.

If the missile barrage cannot be intercepted then we can expect another great exodus of refugees from Ukraine into the rest of Europe with no reason for them to return. Some 4.4 million Ukrainians applied for temporary protection in the EU in the first nine months of the year. Poland alone received 1.3 million. Migration fatigue is visible and is likely to grow. Resentment at the influx will benefit right-wing groups as did the Syrian influx in 2015-16.

Will Ukraine Become Another Ceaseless War?

Then a NATO big wig adds fuel to the fire of a ceaseless war when he states the more weapons will bring peace.

NATO Secretary-General Jens Stoltenberg claimed in an interview published Friday that the quickest path to peace in Ukraine is through NATO countries sending more weapons to Kyiv.

“It may sound like a paradox, but military support for Ukraine is the fastest way to peace,” Stoltenberg told the German news agency DPA. “We know that most wars end at the negotiating table – probably this war too – but we know that what Ukraine can achieve in these negotiations depends inextricably on the military situation.”

Stoltenberg’s comments come as there is no indication that Ukraine and Russia will come to the negotiating table. Kyiv maintains that its goal is to push Russia out of all the territory it has captured, including Crimea, while Moscow vows it’s not leaving the areas it has annexed.

NATO Chief Says Sending More Weapons to Ukraine Is Quickest Path to Peace

(You now know who this yahoo really works for)

2023 will be a continuation of wasted money and death and destruction in Ukraine.

And the American roll over and defend the work of a Congress that is corruptible and spineless.

And then there is the bunk about democracy and truth for Ukraine….another crappy tagline….

President Volodymyr Zelensky has signed a new bill into law which strengthens government control over public access to news in Ukraine. Zelensky has already nationalized the country’s media under martial law powers invoked after Russia’s invasion last year, stoking criticism from press freedom groups.

Signed on December 29, the law expands the Ukrainian broadcast regulator’s powers over news agencies ”dramatically,” now including both print and online sources, according to the Kyiv Independent. The measure requires publications to obtain licenses to operate, and any media org without the proper paperwork can be shut down, the outlet reported, adding that the body handing out the permits will be under Zelensky’s control. 

https://libertarianinstitute.org/news/zelensky-expands-crack-down-on-news-media-in-ukraine/

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