Bill Moyer has a sitdown interview with Wendell Potter, the former head of public relations at CIGNA, and now industry whistleblower. Unsurprisingly, Potter confirms all of out worst assumptions about the for-profit health insurance industry.
“According to Potter, insurers have every incentive to deny coverage — every dollar they don’t pay out to a claim is a dollar they can add to their profits, and Wall Street investors demand they pay out less every year. Under these conditions, Potter says, ‘You don’t think about individual people. You think about the numbers, and whether or not you’re going to meet Wall Street’s expectations.'”
The sad reality of the health care debate is that it’s been framed around whether or not the public option (or government funded care) would be affordable, viable, etc. But no one has been discussing whether or not private, for-profit insurance is necessary. Especially in light of this Potter interview.