Click here for a great article by Bloomberg discussing how private equity firms have moved big time into the Medicaid market. We've seen horrendous abuses. Patients suffer, taxpayers are ripped off, and, if the average dentist doesn't wake up, the profession will be ruined (the quaint days of a dentist owning his own shop will be over unless the unlawful corporate practice of medicine is stopped).
Below is an excerpt.
Isaac Gagnon stepped off the school bus sobbing last October and opened his mouth to show his mother where it hurt. She saw steel crowns on two of the 4-year-old’s back teeth. A dentist’s statement in his backpack showed he had received two pulpotomies, or baby root canals, along with the crowns and 10 X-rays -- all while he was at school. Isaac, who suffers from seizures from a brain injury in infancy, didn’t need the work, according to his mother, Stacey Gagnon.
“I was absolutely horrified,” said Gagnon, of Camp Verde, Arizona. “I never gave them permission to drill into my son’s mouth. They did it for profit.”
Isaac’s case and others like it are under scrutiny by federal lawmakers and state regulators trying to determine whether a popular business model fueled by Wall Street money is soaking taxpayers and having a malign influence on dentistry.
Here is a chart that ran with the story: