Really appreciate @RepSchakowsky calling out health insurer profiteering during the Congressional hearing today about price gouging during the COVID-19 pandemic.
As she noted @UnitedHealthGrp made $24 billion in profits in 2021.
More on that here:
wendellpotter.substack.com/p/while-united…
As she noted @UnitedHealthGrp made $24 billion in profits in 2021.
More on that here:
wendellpotter.substack.com/p/while-united…
Instead of reducing premiums and deductibles, @UnitedHealthGrp gave shareholders $5 billion in dividends + spent $5 billion of premium dollars buying back its own stock shares.
Deductibles and out-of-pockets have spiked, increasing more than 200% in most states over the decade.
Deductibles and out-of-pockets have spiked, increasing more than 200% in most states over the decade.
That’s why dozens of organizations have formed the Lower Out-of-Pockets NOW coalition (@loopcoalition). Congress must act to hold insurers accountable to help end this growing crisis.
For more on LOOP, head to the link below. loopcoalition.co
For more on LOOP, head to the link below. loopcoalition.co
.@RepSchakowsky noted that during World War II, Congress acted to hold corporations accountable and make price-gouging illegal.
She said: We are at war with this pandemic and must do the same thing to hold corporations accountable.
She said: We are at war with this pandemic and must do the same thing to hold corporations accountable.
Schakowsky is right. Because of growing OOP requirements, millions of Americans WITH INSURANCE are not filling their prescriptions or going to the doctor.
Many others WITH INSURANCE are filing for bankruptcy b/c insurers make them pay money they don’t have for life-saving care.
Many others WITH INSURANCE are filing for bankruptcy b/c insurers make them pay money they don’t have for life-saving care.
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