Equifax accused of price gouging Medicaid programs
Equifax is being accused of price gouging regarding Medicaid programs.
Democratic Sens. Elizabeth Warren and Ron Wyden and Independent Sen. Bernie Sanders wrote a letter to the company’s chief executive asking for answers regarding its business practices.
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Many states use an Equifax program called The Work Number, which quickly verifies a Medicaid applicant’s work hours and wages.
According to a probe by The New York Times quoted in the senators’ letter, Equifax often raises the price for The Work Number.
So Equifax raises prices, gouging all customers (it follows the shake-every-nickel-from-clients philosophy so prevalent in big tech, after all), and some of the clients happen to be states, who happen to use it to distribute Fedbux…..
Yeah, some senators want to Do Something, which is likely to extract a settlement of some sort, on behalf of their constituents, which are people who receive Fedbux.
Full disclosure: I used to work for the company that made The Work Number for Everyone, which Equifax bought. That company’s stock endowed a scholarship with my father-in-law’s name on it, and Equifax stock which I received in exchange for my old company’s stock has been instrumental in funding my current Travis-McGeelike “retirement.”
