CDC Discusses COVID Money Racket

CDC Discusses COVID Money Racket

(FinancialHealth.net) – For months there have been rumors of hospitals getting money for COVID-19 deaths. Some people believe the cash incentives are inflating the fatality numbers. Now, the CDC director has confirmed it’s a possibility.

On July 31, CDC Director Robert Redfield testified at a hearing by the House Oversight and Reform Select Subcommittee on the Coronavirus Crisis. During the questioning, Rep. Blaine Luetkemeyer (R-MO) described hospitals receiving “perverse” incentives to inflate their COVID-19 deaths.

The director responded by saying the country has seen this during other periods, like the HIV epidemic. Someone would have the virus but die of a heart attack, and the hospital would classify the death as HIV-related “because there’s greater reimbursement.” Redfield said it could be happening with the coronavirus too. As for financial incentives, “there could be some play in that for sure.”

Dr. David Samadi, a Fox News contributor, expressed outrage over the admission.

The implications here are broad. Giving hospitals financial incentives related to fatalities is dangerous. Not only could it lead to inflated numbers, but those stats are what Americans are using to determine their next steps. If they believe the death rate is high, they’re not going to return to normalcy, and that impacts the economy.

Now the question is: What’s Congress going to do about it?

~Here’s to Your Financial Health!

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