Mark Cuban Says We Could Pay Off The National Debt If Insurers Were Fined $100 Every Time They Over-Billed Or Denied Car

https://finance.yahoo.com/news/mark-cuban-says-could-pay-173107627.html

Cuban is taking aim at the U.S. healthcare system, arguing that widespread billing abuse by insurers and providers could be a major source of federal revenue–if only they were held accountable.

“If we fined insurers and providers $100 every time they over-billed, incorrectly denied care or misrepresented any amount of patient out of pocket, we could pay off the national debt,” the billionaire entrepreneur posted on X last week

Cuban said the system is rigged against everyday Americans who are forced to navigate a confusing maze of billing, denials and surprise out-of-pocket costs. “They play on the fear and information asymmetry that exists in healthcare,” he wrote, calling for the breakup of major players in the industry.

"Break them up. Make them divest non insurance companies,” he said. “And when we are done with the insurance companies, we go to the hospitals and then to the pharma wholesalers. Break em up. Make the markets efficient again."

Much more at link.