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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCoronavirus Pandemic Reveals Just How Devastating the Greed of For-Profit Insurance Industry...
Coronavirus Pandemic Reveals Just How Devastating the Greed of For-Profit Insurance Industry Has Become
From the article:
A word to the wise: During this coronavirus crisis, keep an eye on every move of my old industry: health insurers. Behind the PR spin, theyll be doing everything they can to deny care and maintain profits while making it look like theyre heroes.
Dont be fooled by the industrys campaign to make us think theyre good corporate citizens truly interested in your health and well-being. Take it from me, a former insider: what they truly care about are profits.
That couldnt have been more evident than the speed with which the industrys trade group, Americas Health Insurance Plans (AHIP), corrected President Trump last week when he said that insurers have agreed to waive all copayments for coronavirus treatments.
You can be sure Trumps comment sent shockwaves through the industry.
Within hours, AHIP, the industrys largest PR and lobbying group, released a statement making clear that was not the case, that all they would waive would be cost-sharing for testing.
Yes, just testing; not treatment. For many, treatment will be considerably more expensive than testing. If insurers let their health plan members off the hook for out-of-pocket expenses related to treatment, their shareholders and Wall Street financial analysts would be apoplectic.
Dont be fooled by the industrys campaign to make us think theyre good corporate citizens truly interested in your health and well-being. Take it from me, a former insider: what they truly care about are profits.
That couldnt have been more evident than the speed with which the industrys trade group, Americas Health Insurance Plans (AHIP), corrected President Trump last week when he said that insurers have agreed to waive all copayments for coronavirus treatments.
You can be sure Trumps comment sent shockwaves through the industry.
Within hours, AHIP, the industrys largest PR and lobbying group, released a statement making clear that was not the case, that all they would waive would be cost-sharing for testing.
Yes, just testing; not treatment. For many, treatment will be considerably more expensive than testing. If insurers let their health plan members off the hook for out-of-pocket expenses related to treatment, their shareholders and Wall Street financial analysts would be apoplectic.
To read more:
https://www.commondreams.org/views/2020/03/18/coronavirus-pandemic-reveals-just-how-devastating-greed-profit-insurance-industry?cd-origin=rss&utm_term=AO&utm_campaign=Daily%20Newsletter&utm_content=email&utm_source=Daily%20Newsletter&utm_medium=Email
Profits before people is the mantra for sociopathic capitalists.
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Coronavirus Pandemic Reveals Just How Devastating the Greed of For-Profit Insurance Industry... (Original Post)
guillaumeb
Mar 2020
OP
demigoddess
(6,641 posts)1. could not agree more.
guillaumeb
(42,641 posts)2. Many of them truly are sociopaths.
Speaking of the top executives, and those who set policy.
I_UndergroundPanther
(12,480 posts)3. Capitalism
Has to go. We can nvented it.we can invent better systems
guillaumeb
(42,641 posts)4. Any system needs regulations to protect us all from the sociopaths.
Some of those sociopaths are CEOs of large corporations.