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Health Insurance Insider: 'They Dump the Sick'

Former health insurance company insider Wendell Potter is expected to pull no punches when he talks about the flaws of his former industry at a hearing before the Senate today.(ABC News Photo Illustration)

Frustrated Americans have long complained that their insurance companies valued the all-mighty buck over their health care. Today, a retired insurance executive confirmed their suspicions, arguing that the industry that once employed him regularly rips off its policyholders.

"[T]hey confuse their customers and dump the sick, all so they can satisfy their Wall Street investors," former Cigna senior executive Wendell Potter said in remarks prepared for a hearing on health insurance today before the Senate Committee on Commerce, Science, and Transportation.