Or would that be too obvious? Aetna is planning on dropping 600,000 to 650,000 people from their private-for-profit insurance coverage - the sickest people, of course - in order to help ensure they drive up the cost of the Public Option while still keeping their profit margins with "redesigned plans" - you know, higher premiums and or less coverage - and some will be shocked by this. Many of us knew this was one of the many poison pills they have built into healthcare reform. This is one of the many reasons that if you are going to go the "Public Option" route that it has to be available from day one, and it has to be opened up to anyone that wants to participate. Below the fold, PNHP weighs in on this news.
for-profit health care
PR Watch Media Advisory for June 24, 2009:
Source - http://www.prwatch.org/node/8425
Contact: Page Metcalf, Center for Media and Democracy
Phone: (608) 260-9713
Email: editor AT prwatch.org
Former Executive Warns Congress: Don’t Be Fooled by For-Profit Industry’s Misleading Campaign
Washington, DC – Wendell Potter, a former health insurance industry insider, will testify before the full Senate Commerce Committee on Wednesday June 24, 2009 at 2:30 p.m. EST, exposing the health insurance industry’s resistance to needed health care reform.
Mr. Potter spent more than 20 years as a public relations executive for two large health insurers - Cigna and Humana - but left the industry after witnessing practices he felt harmed American health care consumers. To him, there was a heart-breaking discrepancy between Americans struggling to find affordable, comprehensive coverage and wealthy insurance executives who based their premium charges – and coverage decisions – on profits rather than people’s health care needs. He has decided to come forward in the hopes of stopping the health insurance industry from once again derailing meaningful reform.