'They Know How to Bamboozle People': Ex-Health Insurance Exec Says Industry Will Fail Us During Coronavirus

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    • #303909
      eridani
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      • Total Posts: 10,151

      https://www.vice.com/en_us/article/pke54v/former-cigna-health-insurance-exec-wendell-potter-interview-on-coronavirus-and-medicare-for-all

      We only have to look at the experience of some of the countries around the world that have done a much better job, including Taiwan, for example, which is right next to China [where the outbreak began].

      They have a single-payer healthcare system that was actually modeled after our Medicare program in many ways—a program that’s been around in the U.S. for more than 50 years and it’s been very successful. In Taiwan, because they have that kind of system, their spending per capita is far less than what it otherwise would have been, far less than what it is in the United States. The U.S., as you probably know, spends more in the aggregate, and also on a per capita basis, on healthcare than any other country in the world, but our outcomes are, in most cases, worse than they are in other developed countries.

      A big reason for that is we waste so much money on overhead and administrative stuff. About 30 percent of every dollar we spend on healthcare goes to operating this multiple-payer system that we have, and all the associated overhead and profit making. That’s not done now in Taiwan and most other developed countries.

      In Taiwan, they were able to get ahead of this in many ways, also through their investments in public health. In this country, only three cents of every dollar that we spend on healthcare goes to public health, to get us more prepared for something like this. Other countries have spent more, and were consequently more prepared.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #304160
      3fingerbrown
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      • Total Posts: 3,724

      They are already failing us and have been since this began.

      All governments lie to their citizen's, but only Americans believe theirs.

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