insurance companies

Insurance Industry Antitrust Fight Headed to Conference Committee

The insurance industry successfully fought off a Senate threat to revoke its antitrust exemption as part of health care reform, but the issue lives to fight one more battle in the conference committee negotiations that will take place between the two chambers.

The issue surfaced in mid-October, shortly after the industry lobby, America's Health Insurance Plans (AHIP), pushed hard against the Democratic health care reform effort, claiming it would significantly raise premiums.

For 12-Year-Old Without an Arm, Insurance Has Run Out

Benjamin French was born with his right arm missing below the elbow. In his 12 years, he has been fitted with seven prostheses. His most recent replacement will cost nearly $30,000 and his doctor says he will soon grow out of it.

But, according to his insurance company, the boy is ineligible for further coverage of prosthetic devices because he has already spent his lifetime maximum benefit.

Insurer Enlists Employees to Fight Health Reform

Activists join a nationwide rally in support of health care reforms in Miami, Florida. (AFP/Getty Images/File/Joe Raedle)

The nation's largest health insurance carrier is urging its employees to lobby the Senate against reform proposals that would hurt the firm's bottom line, according to copies of e-mails released Thursday by a liberal advocacy group.

UnitedHealth Group, which is based in Minnesota, e-mailed its 75,000 employees Tuesday, asking them to write their senators and local newspapers in opposition to a public insurance option, alleging that "government-run health care" will force "millions of Americans" to drop their current coverage.

The Paradox of US Healthcare

Protesters stage a crime-scene-like \"body pile-up\" to show the poor state of US health care in Los Angeles, October 6. (AFP/File/Mark Ralston)

For nearly two decades, Wendell Potter led a very comfortable life as a public relations health insurance executive.

However, while flying on a corporate jet and being served lunch on gold-rimmed china with gold-plated cutlery, Potter had an epiphany of sorts.

He realised that the reason why millions of Americans were without health insurance or under-insured was because: "Our Wall Street-driven healthcare system has created one of the most inequitable healthcare systems on the planet."

A Hatchet Job So Bad It’s Good

In the past, the insurance industry’s power has been a major barrier to health-care reform. Most notably, the industry paid for the infamous “Harry and Louise” ads that helped kill the Clinton plan. But times have changed.

No Surprises: Baucus-Braly-Blue Cross Bailout Advances to Final Act

Whew. Saddle up, America. And say it three times, really fast: Baucus-Braly-Blue Cross Bailout, Baucus-Braly-Blue Cross Bailout, Baucus-Braly-Blue Cross Bailout.

Insurers Make Case for Public Option

By demanding that the Baucus health-care bill toughen the coercive penalties to force young Americans to sign up for private insurance, industry lobbyists have inadvertently made the most dramatic argument to date for including a strong public option in any health reform law.

Symptoms of the Occupation

Any voice that rises up to expose the occupation of our government needs to be applauded and encouraged. The discussion however is not Republican or Democrat – the discussion is: Who is supporting the occupation of the United States government – who regulates and inspects – who legislates – who guides the flow of the US treasury? Who and what are these occupiers loyal to? The occupation is the core issue – everything emanates from that.

Wall Street's New Halloween Trick

Halloween is still a month away, but ghouls, ghosts and other grotesque creatures are already roaming America's streets, possibly preparing to knock at your door. What makes them so scream-out-loud horrifying is that they are the newly issued spawn of — shriek!— Wall Street.

The very same greed-fueled bankers who brought us the disaster of 2008's financial crash have created another exotic financial horror to replace their securitized subprime-mortgage packages that exploded all over us.

In Health Care, Number of Claims Denied Remains a Mystery

Are health insurance companies generally being fair and honest when they reject claims from policy holders?

That would seem to be an important question in deciding how best to fix the U.S. health system. But it hasn’t been a focus of the raging health-care debate -- possibly because the  answer is not publicly available.

“This is one of the dark corners of the black box that is private health insurance,” said Karen Pollitz, a professor at the Georgetown University Health Policy Institute.

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