Health reform backlash: Insurers stop writing new coverage for kids
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Post from Dennis Spisak’s Blog: Why We Need Single-Payer Health Care In Ohio: Top Five Health Insurers Posted 56 Percent Profit Gains in 2009 … Top Five Health Insurers Posted 56 Percent Profit Gains in 2009. John Bryne wrote last week : According to a study by a pro- health reform group last published Thursday, the nation’s largest five health insurance companies posted a 56 percent gain in 2009 profits over 2008. The insurers including Wellpoint, UnitedHealth, Cigna, … First, it should be clear to everyone at this point that the Congress is interested in doing away with private insurance companies . It matters not whether they use the guillotine or death by a thousand cuts; they just want the insurers gone . … I began telling clients that if elephants suddenly became tax-deductible, we’d all have one (two for high wage earners in top brackets) in our backyards. Though I haven’t had a “tax-deductible elephant” conversation for a while, … Health insurance “reform” that requires everyone to turn over their pay to Wall Street. Can’t afford the premiums? That is OK—Uncle Sam will kick in a few hundred billion to help out the insurers. Of course, do not expect more health care … If you go by puplic sentiment, we could have easily foudn a popular public compromise, repeal insurance companies anti-trust exemption, improve enforcement of deceptive and fraudulent practices by insurance companies (recission etc. … A friend of mine once accused me of being the world’s only hardline moderate and I’ve certainly been willing to eat a little crow here on occaision when that POV takes me over the top . Today, I offer none. … With all that’s at stake, to actively hope that this bill fails because the idea of insurance companies making a profit is too disturbing to one’s dogmatic sense of the ideal is, from my perspective, worthy of contempt. Personally, I have no doubt that the insurers … tration from January through September. AHIP, the insurers’ trade association, has spent more than $6 million this year. The analysis reviewed data for the top insurance companies as identified by Fortune magazine’s rankings. … As the Senate Finance Committee on Tuesday approved a 10-year, $829 billion bill to remake the health -care system, Obama’s top advisers and the insurers moved into a more intense stage of conflict. …. Guess what- health insurance companies aren’t the half of it. Private hospitals, medical equipment manufacturers, clinics, big pharma, physicians groups, and even opportunistic law firms are all working to push the envelope of profitability to ever greater heights. … |
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