STAT· Tara Bannow·· 3 hours agoPickScore53
STAT+: How the No Surprises Act’s nonprofit arbitrators are operating like ‘mini gods’ and getting rich doing it
In brief
A STAT+ investigation reports that nonprofit arbitration entities under the No Surprises Act are earning high profits through government contracts. The piece cites iMPROve Health: the company lost more than $2 million in 2022, and three years later posted a profit margin near 70%, comparable to Nvidia, with 13-fold revenue growth. The report argues the law protects patients while also enriching middlemen and health care providers.
Why it matters
Uses iMPROve Health's shift from annual losses to a near 70% profit margin as evidence, letting readers judge whether the arbitration mechanism has conflicts of interest.
Source: STAT · statnews.com