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guillaumeb

(42,641 posts)
Wed Mar 18, 2020, 06:41 PM Mar 2020

Coronavirus 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, they’ll be doing everything they can to deny care and maintain profits while making it look like they’re heroes.
Don’t be fooled by the industry’s campaign to make us think they’re 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 couldn’t have been more evident than the speed with which the industry’s trade group, America’s 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 Trump’s comment sent shockwaves through the industry.

Within hours, AHIP, the industry’s 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
could not agree more. demigoddess Mar 2020 #1
Many of them truly are sociopaths. guillaumeb Mar 2020 #2
Capitalism I_UndergroundPanther Mar 2020 #3
Any system needs regulations to protect us all from the sociopaths. guillaumeb Mar 2020 #4

guillaumeb

(42,641 posts)
4. Any system needs regulations to protect us all from the sociopaths.
Thu Mar 19, 2020, 12:32 PM
Mar 2020

Some of those sociopaths are CEOs of large corporations.

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