Bfgrn
Gold Member
- Apr 4, 2009
- 16,829
- 2,492
My heart really pumps purple-piss.
It wouldn't be such an issue if it weren't for this Administrations attempt at demonizing the industry....even though nothing they do will reduce costs. No new law makes it easier for anyone to get insurance. It just makes it more expensive and puts insurance providers out of business. One of the reasons they charge so much is because of abuses and fraud by policy holders and the simple fact that the government refuses to pay full price for health care after it's been provided to the beneficiaries. Oh...and don't forget the trial lawyers that are bringing frivolous lawsuits against doctors which only ends up raising their malpractice insurance and only results in lawyers getting rich off both the doctors and the people that are paying premiums.
New regulations I pointed out earlier will make it impossible for insurance providers to function in the market and force them ether out of business or force them to comply to ridiculous mandates. Eventually death panels that are already being formed will decide who deserves treatment and who doesn't qualify.
But you just want to get even with those evil bastards then you'll have your wish
Revenge is a poor way to do business and will only result in job losses and eventually more expensive health care.
This is the cause of this weak economy..plain and simple.
There's good reason to demonize that industry and the scum bags that control them. In the 1990's health insurance companies were spending around 85 cents on the dollar for medical CARE, but Wall Street got their grubby little hands on control of that industry and force these companies to stay below 80% or they punish them severely in the market. As premiums skyrocketed, coverage DECLINED and MORE of the costs were put on the consumer.
Why don't you do yourself a favor...listen to someone that knows the industry because he was there. He spent 20 years as an executive at CIGNA.
Wendell Potter on Profits Before Patients
July 10, 2009
Last month, testimony in front of the U.S. Senate Committee on Commerce, Science and Transportation by a former health insurance insider named Wendell Potter made news even before it occurred: CBS NEWS headlined: "Cigna Whistleblower to Testify." After Potter's testimony the industry scrambled to do damage control: "Insurers defend rescissions, take heat for lack of transparency."
In his first extended television interview since leaving the health insurance industry, Wendell Potter tells Bill Moyers why he left his successful career as the head of Public Relations for CIGNA, one of the nation's largest insurers, and decided to speak out against the industry. "I didn't intend to [speak out], until it became really clear to me that the industry is resorting to the same tactics they've used over the years, and particularly back in the early '90s, when they were leading the effort to kill the Clinton plan."
Potter began his trip from health care spokesperson to reform advocate while back home in Tennessee. Potter attended a "health care expedition," a makeshift health clinic set up at a fairgrounds, and he tells Bill Moyers, "It was absolutely stunning. When I walked through the fairground gates, I saw hundreds of people lined up, in the rain. It was raining that day. Lined up, waiting to get care, in animal stalls. Animal stalls."
Looking back over his long career, Potter sees an industry corrupted by Wall Street expectations and greed. According to Potter, insurers have every incentive to deny coverage every dollar they don't pay out to a claim is a dollar they can add to their profits, and Wall Street investors demand they pay out less every year. Under these conditions, Potter says, "You don't think about individual people. You think about the numbers, and whether or not you're going to meet Wall Street's expectations."
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HEREBill Moyers Journal . Wendell Potter on Profits Before Patients | PBS
I was licensed to sell insurance here in TN did it for a while and couldn't make any money doing it....so I've been in the industry.
You can't even watch the video? Would it harm you in some way?