STAT+: How the No Surprises Act’s nonprofit arbitrators are operating like ‘mini gods’ and getting rich doing it
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A STAT+ investigation reports that nonprofit arbitration entities under the No Surprises Act have earned high profits through government contracts. The article cites iMPROve Health, which lost more than $2 million in 2022, then three years later reached a profit margin near 70%, comparable to Nvidia's, with revenue growing 13-fold. The report argues the law protects patients while also enriching middlemen and health care providers.
Excerpted from STAT
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- STATPickSTAT+: How the No Surprises Act’s nonprofit arbitrators are operating like ‘mini gods’ and getting rich doing it
A STAT+ investigation reports that nonprofit arbitration entities under the No Surprises Act have earned high profits through government contracts. The article cites iMPROve Health, which lost more than $2 million in 2022, then three years later reached a profit margin near 70%, comparable to Nvidia's, with revenue growing 13-fold. The report argues the law protects patients while also enriching middlemen and health care providers.
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Reports so far 1·Heat now 9·Peak heat 10 (Oct 19 17:00)·Reports, 24h +1
Two panels, same clock (pointer stays in sync): top is cumulative editorial reports — only rises; last point = All reports; slope = new reports that hour. Bottom is Live-board heatIndex — 7-day participants with a 24-hour half-life, so it can fall when talk cools.