Are you wondering why the stock of Health Management Associates (HMA) is down today? Well, they got the 60 Minutes treatment.
Steve Kroft investigates allegations from doctors that the hospital chain they worked for pressured them to admit patients regardless of their medical needs. The gist of it is they have software they monitors whether or not doctors are giving patients all the procedures possible to maximize their revenue. Plus, if you come into one of their hospitals and happen to be over 65, they will admit you immediately in order to take all your medicare money – essentially that seems like what they’re doing. Watch the video below.