Bandages made of medical waste cost Medicare $10B last year—limits are coming
Last year, Medicare spent over $10 billion on dubious bandages—called skin substitutes—that come with eye-popping prices. Some are made from medical waste, like dried bits of discarded placentas or infant foreskin, and many have not gone through rigorous testing to prove they offer any advantage over standard bandages. Yet, in some cases, Medicare reportedly paid for bandages priced at more than $21,000 per square inch. And individual patients have quickly racked up bills over $1 million just fo