Seven arrested at CIGNA demanding ‘profits out of health care’

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CHICAGO - Seven health care activists were arrested when the refused to leave the lobby of CIGNA insurance company after they were denied a meeting with corporate executives. The activists were demanding immediate approval of all doctor recommended treatments by CIGNA.

The arrests were part of a national action and aimed at highlighting how the insurance industry drive for profits is resulting in thousands of unnecessary deaths.

"Forty-five thousand people die each year because they are denied care by insurance corporations," said Edward Crouse, 34 of the Chicago Single Payer Action Network (CSPAN). This is more than die each year in car accidents. It's criminal but it's what happens when we have a health care system based on corporate profit making."

Crouse said all the insurance giants were equally guilty, but they targeted CIGNA because of a notorious case in which the company denied Nataline Sarkisyan treatment for a liver transplant. Her family fought the decision and forced CIGNA to finally grant the treatment, but it came 2 hours before she died. The delay in approval became a denial of care.

Well-known whistle blower Wendell Potter was also the former head of corporate communications for CIGNA. He has said the insurance industry is forced to cut back on paying claims because of unceasing pressure from investors on Wall Street.

Potter recently told TV journalist Bill Moyers, "Back in the early nineties, 95 cents out of every dollar was used by the insurance companies to pay claims. Last year, it was down to just slightly above 80 percent.

"So, investors want that to keep shrinking. And if they see that an insurance company has not done what they think meets their expectations with the medical loss ratio, they'll punish them. Investors will start leaving in droves.

Potter said he had seen a company stock price fall 20 percent in a single day, when it did not meet Wall Street's expectations.

Potter also said the insurance industry is deathly afraid of any public competition in the health care field. In fact, the number of competitors has been shrinking due to buyouts and mergers.

"They don't want any more competition period. They certainly don't want it from a government plan that might be operating more efficiently than they operate. The Medicare program is a government-run program that has administrative expenses that are three percent," compared to the health insurance industry's 20 perceny, he said

Back at the CIGNA protest, Crouse said while a single payer health care system wasn't going to pass in this session of Congress the current reforms being considered won't be enough to solve the health care crisis.

"Single payer may not pass, but it won't be abandoned. We believe a single payer system is the only viable solution to the health care crisis," said Crouse.

As he watched his friends being carried to the police wagon, Bill Bianchi of Progressive Democrats of America said "the biggest crime is the denial of insurance and the removal of insurance of those who have it. This greed is something you would expect from the Mafia, but instead we get it from large American corporations on a scale the Mafia never dreamed of."

"Single payer is alive and well and we'll continue to demand our legislators pass it. Everybody in and nobody out," he said.

 

 

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  • It's not just "profits" - they only claim 3% profits for stockholders - but they take 25-35% of all premiums for exorbitant salaries, millions in bonuses, advertising, attorneys, public relations firms, campaign contributions and billions to lobby congress to increase profits and remove competition.

    If they were required to pay out 90% of premiums in actual care they would still have 10% for profits and overhead. Medicare has 4-6% overhead.

    All western countries have universal care BECAUSE all payment systems ARE REQUIRED TO BE NON-PROFIT.

    Switzerland and Germany (rated 20th and 25th) both require purchase of Health Insurance ALL NON-PROFIT. More than half buy the public insurance. We're 37th! below Costa Rica.

    The Dutch are the only ones with a private for-profit insurance - ALL PREMIUMS ARE A SET PRICE regardless of age, health, disability, gender etc. etc.

    I'm so sick of the Health Insurance Industry. Pitting profits agaist patients is economically unsound, unethical and outright ghastly!





    Posted by Lugo, 10/08/2009 10:39pm (5 years ago)

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