In a new column in the LA Times, business columnist Michael Hiltzik makes the argument that the only thing health insurers have done with any effectiveness is scare us into thinking that the socialized medicine services that every other advanced country has will not work in America.
It's not just Warren Buffett and his Republican lieutenant Charlie Munger who favor single payer and view the US health insurance industry as a drag on national competitiveness and a needless expense on the bottom line: it's also companies like Walmart, Boeing, and GE, who have stopped paying insurers, buying services for their employees directly […]
Recently, GOP presidential nominee Mitt Romney told members of the Columbus Dispatch editorial board, "We don't have people that become ill, who die in their apartment because they don't have insurance. We don't have a setting across this country where if you don't have insurance, we just say to you, 'Tough luck, you're going to […]
Ross sez, "A high-placed insider (ex VP of PR at Cigna) describes the machinations the insurance industry has used to keep us from getting a decent health care system." This guy literally wrote the talking-points memo that the anti-universal-health-care crowd uses. He had a conversion experience and has now come clean. Remarkable. BILL MOYERS: Was […]
Ezra Klein's Washington Post column quotes from the Congressional testimony of Wendell Potter, a 20-year exec at Cigna, explaining how the health insurance industry's business model is incompatible with health itself: The industry, Potter says, is driven by "two key figures: earnings per share and the medical-loss ratio, or medical-benefit ratio, as the industry now […]