CEO Michael Cartwright Featured in MarketWatch Giving Insight on Cost of Addiction Treatment
CEO Michael Cartwright of American Addiction Centers speaks about the cost of addiction treatment in the industry and how drastically underfunded addiction treatment is.
A patient’s out-of-pocket expenses vary drastically by insurance provider — whether it is a private company or Medicare or Medicaid — their plans and what their cost and deductibles are, the patient’s state, and the treatment necessary, said Michael Cartwright, chief executive officer of American Addiction Centers, a rehabilitation company based in Brentwood, Tenn.
“Some rates haven’t changed in 20 years,” he said. “It is a highly underfunded field.”
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