Archive for big insurance

What I will not write about today

frustrated15Sometimes I get so frustrated and/or disheartened and/or annoyed by some of the news stories of the day that I can’t bring myself to write about them. Here are a few recent reports that made my blood pressure hit the roof. I am avoiding delving into them at length out of concern for my physical and mental health.

See what I mean? So who’s up for a couple of Margs or a trough of wine?

drunk flamingos

“One day a single-payer system will provide better care at less cost and aggravation.”

sign single payer health care smaller

Today’s L.A. Times letter to the editor, because our voices matter:

Re “Another surgery — while knee-deep in the red tape,” Column, Jan. 6

Steve Lopez asks, “Can’t we switch to a healthcare system instead of a paper-shuffling, profit-driven, CEO-bonus-building system?” Great question.

There are dozens of for-profit health insurance companies astride the U.S. healthcare “system.” Besides profits for their owners, their premiums must pay for exorbitant executive salaries and benefits, lobbyists in Washington, political contributions, marketing programs, lawyers and lawsuits, redundant computer systems and staffs trained to deny claims. These parasitical organizations contribute nothing to actual healthcare.

One day a single-payer system will provide better care at less cost and aggravation. As Winston Churchill said, “Count on Americans to do the right thing — after they’ve tried everything else.”

Ed Carstens

Santa Clarita

Insurance giant Humana sues after backlash over ads on Rush Limbaugh show

Humana is getting a whole lot of negative feedback on the Twitter Machine, and they are not thrilled. And guess who is at the root of their mammoth problem. Go ahead.

Here’s a hint: It rhymes with Mush Mimbaugh.

Via The Hill:

Insurance giant Humana is suing a Maine company to stop it from using the name “Concentra” to sell memory pills after suffering a backlash over advertising on Rush Limbaugh’s show this week.

Humana, the parent company of Concentra Health Systems, filed an injunction on Thursday demanding that Maine’s Preval Group stop using that name, the Associated Press reports. [...]

“We are not affiliated with this company or this product in any way,” Concentra says on its web site. “We apologize for any confusion created by this event, but assure you that this advertising is not from our company.”

Rush-ing away as fast as they can.

“I will be penalized for having health insurance… Who, exactly, protects people like me?”

Today’s L.A. Times letter to the editor, because our voices matter:

It makes him sick

Re “Calif. health insurers to boost rates,” Feb. 23

Once again I will be penalized for having health insurance.

As an individual policyholder, I have what is known in the trade as “catastrophic” insurance, with a $5,800 yearly deductible — recently raised from $5,000 — that I have never met (thank goodness) at a monthly premium of $508.

Based on this article, I can expect Anthem Blue Cross to raise my monthly premium 8% to 14%.

I am well aware of just how many lawmakers’ pockets are lined with insurance money. I am disgusted by the insurance industry lobbyists, and I am disheartened by the lack of oversight of these jackals.

Who, exactly, protects people like me?

Jaime Marshall
Santa Monica

“If putting everyone on Medicare is socialized medicine, sign me up.”

Today’s L.A. Times letters to the editor, because our voices matter:

The high cost of healthcare

Re “Healthcare’s rising costs,” Editorial, Sept. 29

The Times succinctly states that “Americans can’t afford to wait long for relief” from rising healthcare costs.

I recently had my carotid arteries scanned. The contractor who performed the procedure said he no longer performs diagnostic procedures outside Orange County because the insurance companies are paying him half of what they used to. In the meantime, my premiums have increased 38% over the last three years, my office co-pays have risen and my deductible has climbed to $1,000. You don’t need an MBA to figure out who is receiving the difference.

What amazes me is how many average Americans who, like me, continue to be fleeced by private insurers, are adamantly opposed to a public option for healthcare delivery. Medicare‘s overhead is a far smaller share of costs than private insurers’. If putting everyone on Medicare is socialized medicine, sign me up.

Matt Giorgi

Brea

Healthcare costs are definitely a severe problem, and the more subtle results are disturbing.

In my case, I am a sole-proprietor small business and an Anthem Blue Cross customer. I have increased my deductible to $5,000 to help reduce my monthly payments. Consequently, in my family of four we rarely visit the doctor unless the problem is life or job threatening. In essence, I am paying for catastrophic care. I am sure mine is not the only insured family that suffers through an illness to save money in this economy.

I am in complete support of our state’s and federal government’s attempts to rein in these astronomical medical costs.

Bob Bruton

Torrance

Because U.S. doctors negotiate with insurers, we spend $27 billion a year more on healthcare than Canada

Via Down With Tyranny

Today’s Quickie:

Doctors are spending way too much time having to deal with Big Insurance working out billing and claims, the L.A. Times reports:

The time spent by doctors and their staffs on paperwork winds up costing each physician nearly $83,000 a year, about four times as much as doctors spend in Canada, according to U.S. and Canadian researchers who released their findings in the online journal Health Affairs. [...]

If U.S. doctors had slimmed-down administrative costs similar to those in Ontario, Canada’s most populous province,  they would trim more than $27 billion a year in healthcare spending, the researchers found.

And why would this be?

Canada runs a single-payer healthcare system in which the government pays the bills.

Bingo.

That was today’s Quickie. Was it good for you?

“Blue Shield exec’s $4.6 million salary justified. How else would he be able to pay the medical expenses for him and his family?”

Today’s L.A. Times letters to the editor, because our voices matter:

Big bucks at Blue Shield

Re “Blue Shield CEO earns $4.6 million,” Business, May 26

I’ve been a Blue Shield customer for more than 20 years. I now pay an annual premium of nearly $10,000, up $1,000 from last year and about double what I paid just a few years ago.

My deductible is $2,500 annually. Factoring in other non-covered medical costs, I’m spending about $20,000 a year before Blue Shield starts paying, and I’m healthy. It would be twice as much had my wife not just become eligible for Medicare.

Blue Shield Chief Executive Bruce Bodaken’s $4.6-million salary seems justified. How else would he be able to pay the medical expenses for him and his family?

***

At a time when so many people cannot afford even basic health insurance, this borders on criminal. And to remind us that Blue Shield is California’s largest “nonprofit” health insurer adds insult to injury. Certainly Bodaken is raking in astronomical money from his work.

It was just three months ago that Blue Shield was seeking to raise its rates as much as 59%, but it eventually backed down due to public and political pressure. The company says Bodaken’s salary is based on his performance. If he can perform brilliantly enough to earn his salary, he should be able to figure out how to offer his customers affordable policies.

Perhaps the Second Coming is at hand after all, and this time Christ will drive the CEOs out of the temple. That would indeed be cause for rapture.

***

On Medicare

Re “Medicare can’t be ignored,” Editorial, May 26

While there is no doubt that rising Medicare costs must be brought under control, the only “good idea” in Rep. Paul D. Ryan‘s (R-Wis.) plan cited in the editorial has to do with returning seniors to the cutthroat private insurance market.

The Ryan plan would do nothing to stem rising medical costs, only transfer them to the seniors who can least afford them. That is not a good idea. It is poor public policy and is simply in keeping with the Republican dogma of transferring costs to vulnerable groups without asking for shared sacrifice.

The Ryan Medicare plan would be a disgrace and a national disaster.