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Jeffrey Young

Health Insurance Companies Join Forces To Seize On Obamacare Opportunities

HuffingtonPost.com | Jeffrey Young | Posted 08.20.2012 | Business

Health insurance companies bitterly opposed the health care reform law but, as the merger between Aetna and Coventry Health Care announced Monday show...

Why You Should Be Sick of Secret Health Insurer Politicking

Jack Ucciferri | Posted 10.07.2012 | Politics
Jack Ucciferri

The majority of Americans believe that secret corporate money in politics is a bad thing for democracy, but what about the real life (and death) impacts on the millions of people who passively own part of the company and/or purchase its services?

Why GOP Governors Will Embrace ObamaCare's Medicaid Expansion -- After the Election

Wendell Potter | Posted 09.15.2012 | Politics
Wendell Potter

Don't pay any attention to the votes and rhetoric coming out of Washington. Health care reform can turn out to be very profitable indeed for some of the GOP's biggest benefactors -- the giant insurance companies.

Guess Who Would Benefit From Privatizing Medicare?

Wendell Potter | Posted 08.04.2012 | Politics
Wendell Potter

If you think the idea of privatizing Medicare has gone away, that the health insurance industry has thrown in the towel on one of its biggest goals, there was fresh evidence last week that you would be wrong.

There's a Sleeper in the Reform Law That Could Transform U.S. Health Care

Wendell Potter | Posted 07.29.2012 | Politics
Wendell Potter

CO-OPs could be one of the sleepers in the health care reform law that truly transforms how care is financed and delivered in this country. And they could even hasten the day when the big investor-owned corporations cede the marketplace to nonprofits and move on to other ways of earning a profit.

An Investor Perspective: WellPoint's Political Disclosure Controversy

Jack Ucciferri | Posted 07.21.2012 | Business
Jack Ucciferri

By the nature of WellPoint's core business, it is connected to some of the most intimate moments in its clients' lives. WellPoint is in a risky business and by not being fully transparent about how they participate in politics, they amplify their risks even more.

'Tis the Season of the Shareholders

Nell Minow | Posted 05.14.2012 | Business
Nell Minow

There are moral hazards and agency costs in the allocation of corporate funds. Experience has shown that executives will support policies that diminish shareholder returns. The term "capitalism" refers, after all, to the providers of capital.

Ex-Tyco Executive Who Looted Company Now Says He's Owed $60 Million

The Huffington Post | Harry Bradford | Posted 05.09.2012 | Business

Even after being convicted for bilking his former employer for millions, one ex-executive is suing the company from behind bars, claiming he's still o...

The Marie Antoinette of Health Insurance and How to Dethrone Her

Jamie Court | Posted 07.07.2012 | Politics
Jamie Court

Health insurance rates are like a runaway train and there's no police force or firefighting squad with the power to stop them. Thirty-five states require health insurance companies to get permission before raising rates, but not California.

Health Insurer CEOs' Big Paychecks Are Latest Target of Outraged Shareholders

Wendell Potter | Posted 06.23.2012 | Business
Wendell Potter

During all of my years of helping plan Cigna shareholder meetings, we had an unblemished string of non-events. Relatively few of the big-profit insurers have had to cope with contentious shareholder meetings. Those days are over.

Taking the Initiative in a Struggle Against Excessive Rate Increases

Wendell Potter | Posted 04.21.2012 | Politics
Wendell Potter

When insurers behave this way, they are demonstrating that they care more about their bottom lines than their policyholders. Which makes it all the more imperative for California voters to sign those petitions and vote for the ballot initiative this fall.

The Battle for Vermont's Health -- And Why It Matters for the Rest of the Country

Wendell Potter | Posted 04.08.2012 | Politics
Wendell Potter

Despite the ceaseless spin, Vermont lawmakers last May demonstrated they could not be bought nor intimidated when they became the first in the nation to pass a bill that will probably establish a single-payer beachhead in the U.S.

The High Cost of Allowing Health Insurers to Continue Keeping Us in the Dark

Wendell Potter | Posted 03.27.2012 | Politics
Wendell Potter

It might possibly cost the insurance industry $382 million to comply with the Affordable Care Act for the first two years. But the cost of allowing those companies to continue keeping consumers in the dark would be far, far higher, Mr. President.

Insurer Profits Are Up In The Wake Of Health Care Law They Opposed

The Huffington Post | Alexander Eichler | Posted 01.06.2012 | Business

Since insurance companies undertook extensive lobbying efforts against health care reform -- spending millions in an attempt to derail the legislation...

Insurers Pressuring Obama to Defy Law So They Can Continue Keeping You in the Dark

Wendell Potter | Posted 12.31.2011 | Politics
Wendell Potter

If you have no idea what you're paying good money for when you enroll in a health insurance plan, there's a good reason for that: insurers profit from your ignorance. And they're waging an intense behind-the-scenes campaign to keep you in the dark.

'Jeopardy!' Champ Supercomputer's Next Gig: Health Insurance

AP | JIM FITZGERALD | Posted 11.12.2011 | Technology

WHITE PLAINS, N.Y. — Enough with the fun and games. Watson is going to work. IBM's supercomputer system, best known for trouncing the world's b...

Fresh Evidence That Health Insurers Value Profits Over People

Wendell Potter | Posted 10.01.2011 | Business
Wendell Potter

WellPoint and Aetna and other insurers have demonstrated repeatedly that while they will do all they can to avoid sacrificing profitability for membership, they are quite willing to sacrifice their members -- and the American public -- for profits.

Insurers' Bait and Switch

Wendell Potter | Posted 08.30.2011 | Business
Wendell Potter

The health insurance industry's long-term strategy is to move all Americans into high-deductible plans, and they're well on their way to achieving that goal. Once there, you can bet the rates will be hiked up.

Reframing the Debate to Make Insurers Look Poor

Wendell Potter | Posted 05.25.2011 | Business
Wendell Potter

The next time you hear the health insurance industry complain about its "measly" profit margins, don't buy it. Their "reframing" is nothing more than an attempt to take your mind off the tragedies they cause for so many Americans.

The Insurers' Real Agenda for Change

Wendell Potter | Posted 05.25.2011 | Business
Wendell Potter

The media had lots of health care news to obsess about last week. But most of the press paid no attention to a multi-pronged effort by five major insurers to strip key regulations and consumer protections that aren't to their liking.

Fear and Loathing Over a Public Insurance Option in Hartford

Wendell Potter | Posted 05.25.2011 | Politics
Wendell Potter

This Monday, state lawmakers in Hartford will begin debate on implementing something insurers pulled out all the stops to kill at the national level -- the public option that would have created a government program to compete with private carriers.

PACs Flocked To Blue Dogs, But Fled After Crucial Votes

The Center For Public Integrity | By Josh Israel and Aaron Mehta | Posted 05.25.2011 | Politics

In mid-2009, the 52 conservative House Democrats who made up the Blue Dog Coalition were at the height of their power. Money was rolling in — es...

Thank You, UnitedHealth Group. Your Jaw-Dropping Profit Announcement May Be Just What the Doctor Ordered.

Wendell Potter | Posted 05.25.2011 | Politics
Wendell Potter

It could turn out that UnitedHealth will help consumers the same way the nation's second largest insurer, WellPoint, did several months ago when it announced that it was hiking Californians' premiums as much as 37%.

Insurance Companies Abandon Sick Children And Lie About It - Mike Huckabee Says That's OK

Ethan Rome | Posted 05.25.2011 | Politics
Ethan Rome

The latest announcement by the insurance companies that they won't cover kids is immoral, and to blame their appalling behavior on the new law is patently dishonest.

Deja Vu: Anthem Blue Cross Now Plans A 14% Rate Hike In California

AP | TOM MURPHY | Posted 05.25.2011 | Los Angeles

INDIANAPOLIS — Health insurer WellPoint said Wednesday that its California subsidiary will dial down rate hikes that drew national outrage earli...