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An Arm and a Leg

Something's coming, something good.

An Arm and a Leg

An Arm and a Leg

Documentary, Health & Fitness, Medicine, Society & Culture

4.81.1K Ratings

🗓️ 17 August 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

You're gonna love this next one.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there. I had a story in mind that I thought was going to be both an incredible story and kind of

0:05.9

a light lift and it turns out I was right about one of those things. It's going to be an amazing

0:11.2

story, but it is a bigger story than we thought. More complicated than I knew in more ways than one

0:18.4

and we're going to need some more time to dig in. So I'm going to ask you to come back in a few

0:22.8

weeks for that. Meanwhile, may I recommend a story from the good folks at ProPublica,

0:28.1

one that's related to a story we did here a few months ago. You might remember we talked recently

0:33.5

about United Health Group, which has grown into a behemoth in recent years and that story started

0:39.2

with a tip from a doctor in New York named Alex Steinslaker. He had gotten an offer from a

0:44.5

United subsidiary, a line of credit to help with his cash flow or as he called it a payday loan

0:51.1

at a steep interest rate, which he thought was pretty rich since a big reason doctors have trouble

0:57.3

with cash flow is that insurers like United Health Care, the way paying them. In other words,

1:02.8

sounded like a payday loan from your boss. Oh, I'm going to pay you late, but I could loan you the

1:07.4

money and keep a little interest for myself like 35%. Here's how Dr. Alex Steinslaker responded to

1:14.9

that. That's an incredible business plan. You have to be really creative to come up with that

1:21.2

business idea. You also have to have steel bowls to actually propose that publicly.

1:29.6

And as you might recall, when we dug in, that story checked out. But when I talked with Dr.

1:35.5

Steinslaker, he had a lot of other allegations too. For instance, that insurers were doing something

1:40.3

that seemed illegal, but the feds didn't have any process for taking complaints about it.

1:45.2

And I would ask him things like, do you have any documentation that you could share about that?

1:50.1

I probably do. I would love to see that. But you know what? I didn't follow up because

1:56.1

I'm just one guy and Dr. Alex Steinslaker had more tips that would need to be backed up with a ton

2:01.7

of reporting than I could possibly run down. But now, somebody has run down at least one of them

...

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