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Health insurance corruption

June 28, 11:16 PMUS Intelligence ExaminerFred Burks
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Health insurance corruption
Health insurance corruption at the top (AP Photo)
Health insurance corruption is getting far too little media exposure. Upstanding citizens who have faithfully paid their monthly health insurance premiums for decades upon being found to have a major illness for the first time are suddenly losing their insurance based on technicalities. The corrupt HMOs are finding legal loopholes which allow them to abandon customers in their time of greatest need.
 
A retired senior health insurance executive recently gave Senate testimony exposing major health insurance corruption in the companies he worked for, Cigna and Humana. A House subcommittee also recently held hearings exposing the dirty work of the insurance companies. Yet with the few exceptions below, these hearings got virtually no coverage. CNN even mentioned that this news of blatant corruption "got no airtime on the networks."
 
Here's a rare, but powerful excerpt on this vital topic from a recent ABC article titled "Health Insurance Insider: 'They Dump the Sick'":
 
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 during a hearing on health insurance today before the Senate Committee on Commerce, Science, and Transportation.
 
Potter, who has more than 20 years of experience working in public relations for insurance companies Cigna and Humana, said companies routinely drop seriously ill policyholders so they can meet "Wall Street's relentless profit expectations." "They look carefully to see if a sick policyholder may have omitted a minor illness, a pre-existing condition, when applying for coverage, and then they use that as justification to cancel the policy, even if the enrollee has never missed a premium payment," Potter said.
 
Even more revealing is the CNN article titled "Health care outrage goes uncovered":
 
The [House] subcommittee's chairman, Democrat Bart Stupak of Michigan, called [a] hearing to highlight the obnoxious and unethical practice called rescission. His researchers produced performance reviews of insurance company bureaucrats who were praised and rewarded for kicking people off their coverage. Then Stupak asked three health insurance executives the big question: Will your company pledge to end the practice of rescission except in cases of intentional fraud? All three health insurance executives said no. It was as dramatic as congressional testimony gets.
 
Yet it got no airtime on the networks, nor, as far as I can tell, on cable news, although CNN.com did run a story. The story did not make The New York Times. Nor The Washington Post, which found space on the front page the morning after the hearing for a story on the cancellation of Fourth of July fireworks in Shippensburg, Pennsylvania, but not a story on the cancellation of health insurance for deathly ill Americans who've paid their premiums.
 
For the video of the CNN story on how good Americans are being ripped off by corrupt health insurance companies, watch the revealing four-minute clip below.
 
 
 
 
The box immediately below provides several ideas on what you can do to educate yourself and join in calling for reform of these corrupt health insurance practices. We also invite you to comment below and let us know what you think. Has the health care industry placed profit above people?
 
 
What you can do:
  • Inform your media and political representatives of this important information. To contact those close to you, click here. Urge them to tackle the topic of health insurance corruption and put people's health needs above the drive for profit.
  • Learn more about health corruption in this powerful lesson from the free Insight Course.
  • Read concise summaries of revealing media reports on health corruption available here.
  • Visit our Health Information Center at www.WantToKnow.info/healthinformation.
  • Spread this news to your friends and colleagues, and bookmark this article on key news websites using the "Share This" icon just below the title of this article, so that we can fill the role at which the major media is sadly failing. Together, we can make a difference.
 
 
Fred Burks served as personal language interpreter to Clinton, Bush, Cheney, Gore, and other top dignitaries in secret meetings. As part of an international network of researchers and news analysts, Fred obtains and disseminates key, reliable information about powerful, yet little-known forces which shape our world. For more, see articles and links in the right column of this page.
 

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