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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWendell Potter Agrees: Big-Profit Health Insurance Almost Dead
by james321
It is heartening to read that Wendell Potter agrees with Rick Ungar and other commentators that the death of big-profit health insurance is near at hand:
Time to sing, Ding dong the witch is dead? Not quite, but the day when most Americans get their coverage from what we think of as an insurance company is close at hand. It wont be long before most of us get coverage through either a state or federal government-run plan or a local nonprofit company. The big investor-owned corporations like Aetna and the companies I used to work for, Cigna and Humana, know that the days of making a killing off of basic medical insurance policies are over. And the companies have no one to blame but themselves and a fatally flawed, uniquely American system of providing access to care.
<...>
Yup, it does indeed appear that the moral arc of the universe bends towards justice, to borrow King's words -- the immoral practices of denying the sick, declining the sick, dumping the sick and ignoring the sick that were the source of so many riches for the likes of Aetna and Cigna are now coming to bite them...err...kill their golden goose:
Wendell also drops a nice nugget of proof that premium rises really are about nothing other than more profits for Wall Street:
In other words, the only way that insurers can continue to satisfy their Wall Street masters is by raising prices on poor, vulnerable, sick people.
- more -
http://www.dailykos.com/story/2012/03/06/1071589/-Wendell-Potter-Agrees-Big-Profit-Health-Insurance-Almost-Dead
Lint Head
(15,064 posts)leeroysphitz
(10,462 posts)zipplewrath
(16,646 posts)There is a change coming in the insurance markets, but they will still be there. Depending upon how the exchanges are ultimately set up, and work out, it may be a case that the health care providers get into the game a bit. There will be plenty of corporations interested in making 15% profit, and even more that will be interested in 15% of a market that is estimated to grow at 7% per year. It won't be what we've known, but they won't be gone.
mike_c
(36,281 posts)It's a desperate last gasp to save a corrupt and vile industry. I really really really hope the supreme court throws it out with extreme prejudice! There is no justification for propping up these immoral corporate blood sucking shitheels.
It's a desperate last gasp to save a corrupt and vile industry. I really really really hope the supreme court throws it out with extreme prejudice! There is no justification for propping up these immoral corporate blood sucking shitheels.
...see it that way. I think people have overstated the connection between the mandate and the insurance companies. Given that most people already have insurance via their employer, most of the newly insured will be among those who want coverage, but have been denied and those who do not have coverage through an employer. In fact, as the OP states: "It wont be long before most of us get coverage through either a state or federal government-run plan or a local nonprofit company."
TheKentuckian
(25,029 posts)mike_c
(36,281 posts)...the first time they try to use it. What they want is the simple ability to see a doctor when they get sick or injured, and to receive care until they've recovered. It's bogus to suggest that this means they "want (insurance) coverage." They want access to affordable health care. Period.
The insurance companies have largely CAUSED the access problem by insisting that it be coupled to their institutional investors' profits and their executives' compensation. Insurance corporations are not the solution to the problem-- they're its cause. No solution that mandates their increased or continued profitability is sufficient, IMO. They need to be cut out of the picture entirely.
"no, what most of those people want is affordable access to health care that won't be denied..."
...most people aren't going to get that if they "get coverage through either a state or federal government-run plan or a local nonprofit company"?
The mandate doesn't kick in until the exchanges are up and running. The trend Potter is describing is already underway, and Ungar's point is key.
TheKentuckian
(25,029 posts)and quite a profitable life support with mandated subscribers and a key to the treasury to get what they can't squeeze out of poor and working folks for a generation, at least.
The cartel has been propped up and is on the most sustainable trajectory it has enjoyed in many years, the migration of the baby boomers to Medicare along with a model the increasingly priced more and more people out was a collision course with suicide but they have been thrown a super powered life preserver and long term may be able to finagle a scam that let's them capture more and more of that senior business, if they can socialize the downside by getting huge subsidies and/or leaving a shell of Medicare that takes on catastrophic costs.
ohheckyeah
(9,314 posts)this month because they went up $100 a month AGAIN. In 6 months I'll try applying for a government plan of some kind.
I just can't afford it but it's scary to not have it.
MissMarple
(9,656 posts)Also, his article about the phenomenal health care in Grand Junction, Colorado is a must read. The area doctors created a system that treats pretty much everyone. A non profit pays them and they do not know what kind of insurance their patients have. There is peer review one is less tempted to "churn the system" adding excess costs. Everyone benefits, even the harder to treat populations, even the ones generally viewed as noncompliant in taking care of their health. People tend not to postpone care for emerging health issues. It's, relatively speaking, a thing of beauty in our sometimes grim health care system outcomes.
http://www.forbes.com/sites/rickungar/2011/11/27/consumer-driven-healthcare-proponents-finally-proven-wrong/
Skidmore
(37,364 posts)If we had all the money we socked into insurance policies in our lifetime, we would have substantial savings.
midnight
(26,624 posts)millions of new customers. In part because of the industrys support, Potter expects the ACA to be upheld by the very political U.S. Supreme Court, despite challenges from conservative Republicans and business groups that have questioned its constitutionality."
Potter told a coalition of liberal-leaning advocacy groups and policy organizations on Wednesday that supporters of the Affordable Care Act must be well informed and speak with one voice in defending it against powerful groups that seek to overturn it or undo the key consumer protections it contains.
The ACA is far from perfect but it is a strong start and already making improvements in the lives of Americans, Potter said, speaking to the first formal meeting of a group known as the Health Care for Maine Alliance. The group met at the Maple Hill Farm conference center in Hallowell.
For example, Potter said insurance companies can no longer refuse to cover children with pre-existing medical conditions, small businesses get new tax breaks for offering coverage to their workers, young adults can stay on their parents policies until they turn 26, and the infamous donut hole coverage gap in the Medicare Part D prescription gap is closing.
In 2014, health insurance market places known as exchanges will help consumers choose affordable coverage that works for them, just in time to comply with the ACAs individual mandate that requires most Americans to have health coverage or pay a penalty.http://bangordailynews.com/2011/10/05/health/insurance-whistle-blower-potter-speaks-in-support-of-obama-health-reforms/