Pete Privatization attempts blossomed under Trump with a plan to open Medicare administration of benefits through non-medical entities such as hedge funds, investment groups, etc. many not medical companies at all.  These companies would be allowed to administer tranches of Medicare funds and be able to retain up to 40% in profit at the end of the year.  New and existing beneficiaries could be moved to these groups without their knowledge and permission based on whether their provider is associated with traditional Medicare.  Biden has continued this pilot program, renaming it REACH.  Go figure.

Pete Privatization attempts blossomed under Trump with a plan to open Medicare administration of benefits through non-medical entities such as hedge funds, investment groups, etc. many not medical companies at all.  These companies would be allowed to administer tranches of Medicare funds and be able to retain up to 40% in profit at the end of the year.  New and existing beneficiaries could be moved to these groups without their knowledge and permission based on whether their provider is associated with traditional Medicare.  Biden has continued this pilot program, renaming it REACH.  Go figure.

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