The GOP is threatening to hold debt ceiling legislation hostage in order to savage Social Security, Medicare and other safety-net programs. However, the destruction of Medicare is already taking place, off-stage, with corporate entities lining up at the trough with the poisonous ACO-REACH program. Tell Biden to executive order this out of existence and make sure your legislators know you are wise to this threat, or in 7 years, Medicare will be no more.
“The ACO REACH program is Medicare privatization, hidden in layers of bureaucracy. Essentially, seniors are put into this program, which allows a profit-seeking third party like a health insurer or private equity-backed firm to step in and get paid by Medicare to manage the care that they get. Taking for themselves the profit that is whatever they don’t want to spend on the patient.” – U.S. Rep. Pramila Jayapal (D-WA)
Dr. Corinne Frugoni explains how commercial insurance companies have been chipping away at our crucial public health programs for decades and the unconscionable profits they realize from Medicare Advantage. Now, the ACO/REACH program will allow third-party middlemen, including the same private equity pirates who wreaked havoc on wheelchair, air ambulance and retail industries, to pocket up to 40% of Medicare dollars in overhead and profit that should be dedicated to patient care, with a goal of completely replacing Traditional Medicare by 2030.