Another reason why I hate insurance

It's no wonder there's such a clamor for a single-payer system of health care in America. With crap like this happening all over the place, you wonder WHO the health care system is REALLY designed to benefit, after all. When American business (and individuals) are crumbling under the pressure to pay ever-increasing premiums and insurers continue to reduce payouts, the fact that insurers and health plans are negotiating to avoid criminal prosecution is simply unforgivable.

When will we learn that more insurance simply begets more fraud and waste? If the insurance and health care business doesn't clean up its own act, it will be done TO them because of their own misbehavior.

Check out this story and more: CoxHealth to pay $60M to settle with Feds

Springfield, MO-based health system CoxHealth has agreed to pay $60 million to resolve a myriad of charges related to its financial relationships with referring physicians and its Medicare billing practices. According to an announcement by the U.S. Department of Justice, which conducted an investigation, CoxHealth violated the False Claims Act, anti-kickback statute and Stark rules on self-referral between 1996 and 2005.

Here's the link to the full story and more.