The Financial Independence Show The Healthcare Heist: Will Healthcare Derail Your Retirement Plan | Jordan Grumet
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Aug 18, 2026 
Jordan Grumet, a hospice physician turned personal finance writer and author of The Healthcare Heist, exposes how the U.S. system funnels money away from patients. He breaks down private equity’s role, how to pick the right primary care approach, ways to save on prescriptions, and practical steps patients can take to protect their health dollars.
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Third Parties Extract Most Healthcare Dollars
- Jordan Grumet describes medicine being hollowed out by third parties taking most healthcare dollars: insurers, pharma, EMR vendors, private equity and VC.
- He saw patients go bankrupt and clinicians leave, shifting money away from direct care into corporate pockets.
Obamacare Shifted Insurer Incentives
- After you pay premiums, insurers still profit and now often stop negotiating prices because regulations encourage higher spending ratios.
- Grumet explains the post-Obamacare dynamics where insurers keep ~10% and therefore accept rising prices instead of fighting them.
EMR And Private Equity Raise Costs And Volume
- Electronic medical records and private equity raise providers' costs and force higher volume care; practices get sold, buildings sold, then leased back.
- Private equity cuts staff, demands doctors see many more patients and turns one-time payouts into recurring costs.
