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Insurers Are Fleecing Us Out of Billions While Congress Looks the Other Way

Wendell Potter | Posted 06.16.2014 | Politics
Wendell Potter

A year-long investigation by the Center for Public Integrity has revealed that health insurers may have fleeced taxpayers out of $70 billion in just five years.

Skyrocketing Health Insurer CEOs' Paychecks Are "Crazy," Says Executive Comp Expert

Wendell Potter | Posted 06.09.2014 | Business
Wendell Potter

Almost all of the publicly traded health insurers reported big increases in revenue and profits last year. The big winners have been the top executives of those companies, led by Mark Bertolini, CEO of Aetna, the nation's third largest health insurer.

The Real Reasons Insurers Are Canceling Policies

Wendell Potter | Posted 01.23.2014 | Politics
Wendell Potter

If you relied on the Washington media for your news and information about health care, you'd think that insurance companies would never have considered sending policy discontinuation notices to their policyholders until forced to do so by Obamacare.

Sebelius Show Trial Highlighted Lawmakers in the Pockets of Insurance Companies

Wendell Potter | Posted 01.23.2014 | Politics
Wendell Potter

The truth these politicians want to obscure is that Obamacare is protecting their constituents from buying coverage that provides little to no shield against financial ruin. And that protection is something the insurance industry wants to get rid of.

The Real Reasons Why Obamacare Exchanges Aren't Working Yet

Wendell Potter | Posted 12.21.2013 | Politics
Wendell Potter

What happened -- or didn't happen -- to make it the federal exchange so unworkable, at least for now? Here are four possible reasons for the current mess

Tomorrow Is D-Day for Health Insurers: The Beginning of Disintermediation

Wendell Potter | Posted 11.30.2013 | Politics
Wendell Potter

I've often said that the Affordable Care Act is the end of the beginning of reform. Starting tomorrow, October 1, 2014, that law will signify the beginning of the end of the health insurance industry as we know it.

And The Most Secretive Company Is...

24/7 Wall St. | Alexander E.M. Hess, Douglas A. McIntyre | Posted 08.10.2013 | Business

From 24/7 Wall St.: While many investors may think corporate communication is unclear, some companies are far more candid than others. In fact, Accord...

What One Washington Could Learn From the Other About Reducing Health Care Spending

Wendell Potter | Posted 10.06.2013 | Politics
Wendell Potter

Health policy experts have long contended that one of the key reasons the Medicare program will eventually run out of money is because of the outsized influence lobbyists for health special interests have in Washington.

A New Health Insurance World Is on the Way

Wendell Potter | Posted 09.28.2013 | Politics
Wendell Potter

It is just a matter of time, no more than a few years, before we will be bidding farewell to the U.S. health insurance industry as we have grown to know it.

Why No One Should Lose Sleep Because Big Insurers Are Taking a Pass on Exchanges

Wendell Potter | Posted 09.01.2013 | Politics
Wendell Potter

Some critics of the reform law are suggesting that if the big companies aren't willing to sell policies on all the exchanges, Obamacare is somehow fatally flawed. But I think we'll all be just as well off if the big companies stay out of the individual and small group market.

A Cynical Search for Loopholes

Wendell Potter | Posted 07.28.2013 | Politics
Wendell Potter

There is an age-old tradition in this country: if you don't like a law and can't get rid of it, look for a loophole. That's what some companies that don't want to comply with an important Obamacare requirement have done, and it appears they've hit pay dirt.

A Movement Is Needed to Get Corporations to Disclose All Their Political Spending. Let's Start It

Wendell Potter | Posted 06.29.2013 | Politics
Wendell Potter

While all companies are required to report their federal lobbying and Political Action Committee expenditures, that money is just a fraction of what they often spend in the political arena to protect their profits.

The Higher Health Insurers' Claim Denial Rate, the Higher the CEO Pay

Wendell Potter | Posted 06.23.2013 | Politics
Wendell Potter

When you're shopping for health insurance, wouldn't it be great if you could find out every insurer's claim denial rate? And how much each one spent on lobbying and advertising -- and how much they paid their CEO?

It's CEO Pay Shock, Not Premium Rate Shock, That We Should Be Outraged About

Wendell Potter | Posted 06.15.2013 | Business
Wendell Potter

If Aetna does, in fact, hike premiums by more than 100 percent for some of its customers, as CEO Mark Bertolini suggested, no doubt part of that money will go to covering his shockingly lucrative paycheck.

How Your Bad Diet Weighs On Your Job Review

MarketWatch | Jen Wieczner | Posted 02.27.2013 | Small Business

Your company already knows whether you’ve been taking your meds, getting your teeth cleaned and going for regular medical checkups. Now some employe...

Health Insurance Companies Warming Up To Obamacare?

Jeffrey Young | Posted 03.13.2013 | Business
Jeffrey Young

The health insurance industry fought President Barack Obama's health care reform law tooth and nail during congressional debate in 2009 and 2010 and c...

'Rate Shock' Will Be at Heart of New Scare Campaign Against Obamacare

Wendell Potter | Posted 02.23.2013 | Politics
Wendell Potter

One of the most ill-advised promises President Obama made during the health care reform debate was this: "If you like your health care plan, you can keep your health care plan." He should have known better.

New Scheme to Subvert Obamacare Would Hike Premiums for Many Consumers and Businesses

Wendell Potter | Posted 02.02.2013 | Politics
Wendell Potter

It's complicated -- so complicated that unless you are a reader of obscure insurance industry newsletters, you've probably never heard about this, even though it has the potential to cause the collapse of the exchanges and completely circumvent the intent of Congress.

How Insurers Are Cashing in on Medicare While Shunning Small Businesses and the Individual Market

Wendell Potter | Posted 12.29.2012 | Business
Wendell Potter

The big five health insurance companies have begun reporting their third quarter 2012 earnings and, so far, they are pleasing their shareholders with profits that are better than Wall Street expected.

Romney's Phony Answers to Tough Health Care Questions

Wendell Potter | Posted 12.08.2012 | Politics
Wendell Potter

The next time you hear a candidate tell you how great it will be when insurers can sell their products across state lines, be aware that they already can. They just don't have the slightest interest in doing so.

Surprise! A Nice Little Gift From ObamaCare Directly to Millions of Us

Wendell Potter | Posted 09.22.2012 | Politics
Wendell Potter

One of the reform law's most important provisions -- the one that that insurance firms and Wall Street despise most -- is the one that sets the minimum allowable medical loss ratio, effective last year, at 80 percent for policies sold to individuals and small businesses.

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.

Worried About Profits, Insurers Launch Propaganda Campaign to Scare Consumers Away From Important ObamaCare Provisions

Wendell Potter | Posted 09.08.2012 | Politics
Wendell Potter

Among the most important provisions of the Affordable Care Act are those that try to get us back to something close to the good old days of community rating.

How Obama and the Democrats Got Played by the Insurance Industry on the Mandate

Wendell Potter | Posted 08.25.2012 | Politics
Wendell Potter

The President was led to believe that insurance industry leaders would do their best to get their Republican friends to support reform if he would agree to the mandate and drop the public option. The problem for the President was that industry executives could not deliver any Republican votes.

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.