Seniors across the U.S. are increasingly reliant on costly bandages made from dried placenta, designed to address difficult wound healing. These products can cost thousands of dollars per square inch and have seen a surge in demand, partly due to loopholes in Medicare regulations. While some studies indicate their effectiveness for specific cases, a plethora of unproven products have flooded the market. This raises concerns about unnecessary prescriptions, resulting in what experts describe as substantial Medicare waste, with bandage expenditures surpassing costs for essential medical services.
Seniors are being prescribed expensive bandages made from placenta to treat wounds, raising concerns over unnecessary Medicare expenditures and strong financial incentives driving this practice.
Experts warn this trend represents one of the largest instances of Medicare waste, with bandage spending surpassing that of services like ambulance rides and CT scans.
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