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Inside the Insurance Industry

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Uploaded by on Jul 7, 2009

A former insurance executive comes clean about industry practices designed to kick the sick off the rolls and rip off patients to make obscene profits.

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  • The health care industry spent over $1.4 million a day this year lobbying our elected officials in DC. Corporations never doing anything unless it will profit its bottom line/shareholders. For profit health insurers bought a seat at the Senate Finance Committee hearings.

    Most of our elected officials are whores. We should replace the white light bulbs on Capitol Hill with red ones. We know what the elected are, might as well advertise.

    End for profit health insurance in the USA.

  • The GOP loses a member every time some poor dope who toed the line, paid his premiums for 20 years, gets tossed when he gets sick or injured.

    Seriously, you'd think small business owners in the GOP would be making a stink for single payer.

    Frankly, we've sacrificed our nation's health for military hegemony.

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  • You should not be able to profit off of others getting sick or hurt, this is goolish, If I pay my health insurance you better believe if I get sick you will pay one way or another.

  • @Bunnicula71

    in my opinion all the insurances is one legalized mafia,American tumor

  • @pluto4847 Healthcare has in my memory always been expensive and it was much worse when I was young. There were no single rooms, but wards where beds were separated by curtains. There were no tvs. Healthcare staff could ignore you or talk to you any way they wanted. I don't remember any pain medication. You just suffered. The doctors had no ethics - but cash. If it weren't for the sixities, and people suing some of these arrogant plutocrats, it would still be like that.

  • @beadlejl

    Good point. And if I may say sir, with all respect: Healthcare was better and more affordable in your generation compared to now, was it not?

  • That's still about 95% or more of private insurance claims that AREN'T denied. We're supposed to overhaul our entire system for a mere 4-5% of people whose claims were denied?? SERIOUSLY? In what world does that make sense?

    You want a public option? Fine. But we don't need a huge overhaul to a government-run insurance system or anything quite like THAT. There are some more modest changes that can and should be made to cover those without coverage or help them afford it.

  • bit .ly/5QWDfW The AMA already studied denials and found that Medicare is the worst offender, with over 6% of claims. Private insurance denies less, yet we hear NONSTOP the bitching about claims denied by the Left. But NOTHING is said about Medicare denials. WHY?? Is it because it would screw up their great narrative of Medicare being SOO much better than private insurance?

    come on...

    Besides, less than 6% of private claims denied sounds like a pretty good record to me.

  • Is your groceries paid by someone else? Isn't eating an essential right? And yet when you are hungry you cannot legally pick from my garden. Think about this. The problem is not that insurance companies stiff us (which they do), it's that we let them exist in the first place, and let government make EVERYBODY use this system... Our care IS socialized, it has been for a long time, and that is why it costs so damn much, and that's why everyone has to have their damned insurance... Sad state

  • could you imagine the police department or the fire department denying you being saved from harm because you did not properly fill out a form? or because you did not pay a due to them? why is health considered a seperate service? is'nt it an essential right?

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