Health Care – Captive of Capitalism

 

Mariner wrote a post recently that said the first thing to fix in health care is its costs. In the nineties, administrators and a new breed of eager MBAs decided to change how health care was billed. Instead of the old-fashioned idea of billing based on cost, health services henceforth will bill what the market will bear.

Mariner visited a health care person (doctor) who prescribed a medicine (pharmaceutical industry) that costs $10,000 each month. Health insurance companies don’t cover this medicine – even they recognize fraud when they see it. Mariner does not intend to accept a health care policy that says, for all intents and purposes, “Wait. Don’t die yet; let us take your assets first – then you can die.” Mariner has no intention of following this advice.

Nevertheless, Chicken Little is pacing about. The destructive President, GOP controlled Congress, state governments, and a conservative Supreme Court bode disregard for common class quality of life in the future. The primary advisors to Congress are the health insurance companies who desire only to maximize profits with no regard for social responsibility – after all, it’s a health service… Of course, all US governments are not interested in social responsibility either – only profit. Obama took the leash off Big Pharma in order to pass the Affordable Care Act; someone must catch them soon and put them back on the inadequate leash they had.

Health insurer CEOs made big bucks in 2016:

Michael Neidorff     $32,161,754

Centene Corp.

Bruce Broussard    $17,019,300

Humana

Mark Bertolini        $41,676,887

Aetna

Stephen Hemsley  $33,368,652

UnitedHealth Group

Joseph Swedish      $17,057,940

Anthem

David Cordani        $21,990,392

Cigna Corp.

Dr. J. Mario Molina  $3,816,395

Molina Healthcare

Kenneth Burdick      $4,687,059                             Source: U.S. Securities and

WellCare Health Plans                                            Exchange Commission documents

Ancient Mariner

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