No Surprises Act Arbitrators Rake In Tech-Sized Profits — SkimNews
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- The No Surprises Act established an arbitration process to settle out-of-network medical bills between health insurers and providers
- The arbitration process has become so lucrative for the arbitrators who decide winners and losers that some now post profit margins that would make tech giants blush, per Tara Bannow's reporting
- Tara Bannow authored the exclusive investigation for STAT+ detailing how the dispute-resolution mechanism has turned into a cash machine for the neutrals running it
Why it matters: The arbitration system was designed to resolve surprise-billing disputes between insurers and providers — the fact that arbitrators themselves now extract tech-sized margins signals a structural rent embedded in the dispute process itself, raising questions about who ultimately bears the cost.
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