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News in Texas

Trudy Lieberman

Confessions of a Former Health Insurance Exec: "We Dump the Sick"

by: Libby Shaw

Fri Jun 26, 2009 at 09:10:40 AM CDT

The evils of unfettered, unbridled, for-profit health care providers.

In a story posted on Raw Story.com, a retired health insurance executive, with twenty years experience with Cigna, testified in a U.S. Senate hearing that insurance companies willfully confuse customers and get rid of those who are sick.

"[T]hey confuse their customers and dump the sick, all so they can satisfy their Wall Street investors," former Cigna senior executive Wendell Potter told senators at a hearing on health insurance Wednesday before the Senate Committee on Commerce, Science, and Transportation.

Dr. Steve B over at Daily Kos also has a posting on this issue.

Once again Trudy Lieberman has a great story, not only about how the health insurance industry really works, but also how its PR campaigns work and how they count on lazy journalists.

The pieces posted above give us the industry's working formula to maximize its profits by ditching some customers and denying coverage to others.

The industry's ultimate goal:  Money:  Pleasing Wall St. investors.
Core ideology:  Money:  The free market works.
How to achieve the goal:
Confuse clients
Dump the sick
Depend on lazy journalists
Count on Congress members who are aligned with the industry and who believe a voodoo free market economy can work for health care.
   

There's More... :: (2 Comments, 934 words in story)

Confessions of a Former Health Insurance Exec: "We Dump the Sick"

by: Libby Shaw

Thu Jun 25, 2009 at 22:23:02 PM CDT

The evils of unfettered, unbridled, for-profit health care providers.

In a story posted on Raw Story.com, a retired health insurance executive, with twenty years experience with Cigna, testified in a U.S. Senate hearing that insurance companies willfully confuse customers and get rid of those who are sick.

"[T]hey confuse their customers and dump the sick, all so they can satisfy their Wall Street investors," former Cigna senior executive Wendell Potter told senators at a hearing on health insurance Wednesday before the Senate Committee on Commerce, Science, and Transportation.

Dr. Steve B over at Daily Kos also has a posting on this issue.

Once again Trudy Lieberman has a great story, not only about how the health insurance industry really works, but also how its PR campaigns work and how they count on lazy journalists.

The pieces posted above give us the industry's working formula to maximize its profits by ditching some customers and denying coverage to others.

The industry's ultimate goal:  Money:  Pleasing Wall St. investors.
Core ideology:  Money:  The free market works.
How to achieve the goal:
Confuse clients
Dump the sick
Depend on lazy journalists
Count on Congress members who are aligned with the industry and who believe a voodoo free market economy can work for health care.
   

There's More... :: (0 Comments, 934 words in story)
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