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Wendell Potter: Ryan Is a 'Dream Come True' for Health Insurance Industry


Business  (tags: abuse, americans, business, corporate, corruption, dishonesty, economy, government, health care, insurance, lies, money, politics, society )

Kit
- 694 days ago - leanforward.msnbc.com
As someone who worked nearly two decades as a health insurance executive, I know that Mitt Romney's selection of Rep. Paul Ryan as his running-mate is a dream come true for my former colleagues--and a potential nightmare for just about everyone else-->



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Kit B. (277)
Thursday August 16, 2012, 12:18 pm


As someone who worked nearly two decades as a health insurance executive, I know that Mitt Romney’s selection of Rep. Paul Ryan as his running-mate is a dream come true for my former colleagues—and a potential nightmare for just about everyone else in America under the age of 55.

For years, the insurance industry has contributed generously to candidates who want to hand over the Medicare program to private insurance companies. That’s exactly what Ryan’s so-called “Path to Prosperity” would do. It would end the Medicare program as it has existed for almost half a century—a program that guarantees access to affordable care for senior citizens—and replace it with a scheme in which beneficiaries would be given “premium support” to help them buy coverage on the private market. Yes, the traditional Medicare program would continue to be a choice under the 2012 version of Ryan’s plan, but it would have to compete with private insurance companies. And because, under Ryan's plan, insurers would be able to cherry-pick the healthiest seniors, the traditional Medicare program would likely be unable to survive over the long haul. Perhaps it should come as no surprise that Ryan's wife is a former lobbyist for the health insurance industry.

As the head of corporate communications for Cigna—charged, among other tasks, with disseminating financial information to the news media—I came to understand the lengths insurers routinely go to to satisfy shareholders and analysts. During congressional testimony in 2009, I explained how they make promises they have no intention of keeping, how they flout regulations designed to protect consumers, and how they make it nearly impossible to understand—or even obtain—information consumers need. I described how the big for-profit insurance corporations, in their quest to meet Wall Street’s profit expectations, often cancel the coverage of policyholders who get sick and how they implement “medical management” practices that often result in policyholders being denied coverage for care their doctors recommend.


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The Affordable Care Act outlaws many of the most egregious practices of the insurance industry, such as refusing to sell coverage to people with preexisting conditions and charging older people many times more than what they charge younger people for the same coverage. Ryan proposes not only to privatize Medicare but also to scrap those consumer protections, by repealing the reform law.

Of course, Mitt Romney is trying to muddy the issue. On the day he announced Ryan as his running mate, Romney accused President Obama of using the reform law to cut $700 billion from the Medicare program. That’s not true. In reality, that figure is what the Congressional Budget Office estimates will be saved over the next several years as a result of changes in the way Medicare pays doctors, hospitals and drug companies—changes that doctors, hospitals and drug companies endorsed.

They endorsed it because they understand the importance of providing coverage to the millions of people who are currently uninsured. The uninsured all too often show up at the emergency room to get care when they get sick or injured, and all too often they can’t pay their bills. Hospitals call this uncompensated care, but somebody has to pay for it, and that somebody is everybody with private insurance. Family premiums now cost more than $1,000 extra to help cover that uncompensated care. That’s what cost shifting is all about.

Romney’s misleading talking point about that $700 billion reminded me of the work my former colleagues in the insurance industry and I used to do to scare people into believing things that were not true, such as calling the Affordable Care Act a “government takeover of health care.” It wasn't hard to get our friends in politics and the media to take our spin and run with it.

And given what a boon Ryan's plan would be for the industry, it looks like health insurers just got a very well-placed friend indeed.
*****'

Wendell Potter, a former head of communications for one of the nation’s largest health insurers, is a senior analyst at The Center for Public Integrity. He is the author of Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate PR is Killing Health Care and Deceiving Americans. | MsNBC|
 

Just Carole (341)
Thursday August 16, 2012, 12:18 pm

I love Wendell Potter!

Thanks, Miss Kitty.

 

Maggie S. (40)
Thursday August 16, 2012, 12:25 pm
Guess health insurers will contributing to this campaign!!!! No surprise there! This ticket has a lot of agendas and not one of them benefits the people of this country! They are shameful! I hope Obama's lead in the polls stands up. I don't see why it wouldn't given that the truth is getting out loud and clear! The R&R (Rich and Richer) ticket is disgraceful!
 

Roger Garin-michaud (61)
Thursday August 16, 2012, 1:03 pm
noted thanks !
 

Just Carole (341)
Thursday August 16, 2012, 5:28 pm
 
NEW YORK (The Borowitz Report)—Today the Republican Vice-Presidential pick Paul Ryan published the following poem to America:
 
  This morning I was at Equinox
  Getting ripped and shredded, pumped and jacked,
  Cross-training with Jeremy
  Who totally kicks my butt.
  And I was like, “I shall not let my foes define me.”
  And I was so stoked
  I punched Jeremy in the face.
  Endorphins, mofo—
  Sweet.
  Who is Paul Ryan?
  He can bench-press three times his weight,
  Ochocinco a cinderblock in two,
  Change the course of mighty rivers,
  Bend steel in his bare hands,
  And tug freighters with his teeth.
  Paul Ryan:
  Rock-hard abs,
  Bulging delts,
  Glistening pecs.
  But not gay.
  Ayn Rand wrote:
  “The question isn’t who is going to let me; it’s who is going to stop me.”
  She could have been writing
  About Paul Freakin’ Ryan.
  I don’t read Ayn Rand anymore.
  I disavow her atheist philosophy.
  I just know that quote
  Because it’s tattooed on my left oblique.
  So join me
  In Paul Ryan’s America:
  Where heroes roam free
  And pussies fear to tread.
  Where a small boy from Wisconsin
  Can grow up to join forces with a casino billionaire
  To kick Iran in the cojones,
  And leave behind the America of my foes:
  Where the old and feeble
  Expect food, medicine, and whatnot.
  Not on my watch
  Because I am Paul Ryan.
  Paul Freakin’ Ryan.
  Drop and give me twenty, America:
  It’s clobberin’ time.
 
 

Kit B. (277)
Thursday August 16, 2012, 8:57 pm

Andy Borowitz strikes another home run, and touch down all in one. I love this guy. I try to never read Borowitz when drinking as I know I will spew out liquids in a Laugh Out Loud moment.

Where, oh, Where was Mr Ryan when it time for his turn to sign up for his years of military service? Oh, yeah, that's just for poor kids, people that need to find a job or way to pay for college.

Rock hard abs and brain of concrete.

Thanks Carole, haven't been home all day, and missed this one in my email.
 

pam w. (191)
Friday August 17, 2012, 6:35 am
" Perhaps it should come as no surprise that Ryan's wife is a former lobbyist for the health insurance industry."

+++++++++++++++++++++ Welllll.....isn't THAT interesting?
 

Dee C. (9)
Friday August 17, 2012, 5:43 pm
Wendell Potter is one of my heroes. Thank you.
 

Jennifer C. (172)
Saturday August 18, 2012, 5:22 am
Thanks.
 

Gloria picchetti (287)
Saturday August 18, 2012, 6:18 am
What a nightmare!
 

JL A. (274)
Saturday August 18, 2012, 11:57 am
Thanks Kit--it's really sad how many educated people cling to beliefs in myths
 
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