The insurance industry has shifted to selling so-called "consumer-driven" plans with very high deductibles that shift a great deal of health care cost from employers and insurers to individuals.
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The excesses of the health insurance industry resemble those of Wall Street and the subprime housing market, typified by privatized profits for insurers and socialized risk for taxpayers and consumers.
In one of the largest corporate pay give-backs ever, William W. McGuire, the former chief executive of UnitedHealth Group, has agreed to forfeit at le...
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