Following the shooting of United Healthcare CEO Brian Thompson, multiple major health insurance companies have taken their executive leadership pages offline.
UHC, Anthem Blue Cross Blue Shield, Caresource and more are removing or redirecting their about us pages.
Remember, one of the provisions of the ACA was requiring insurance companies to ensure at least 90% of expenditure was directly towards covering care, meaning insurance companies are legally permitted an incredible up to 10% profit margin. For context most retailers have profit margins of 1-2%
Don’t forget that the ACA also stipulated they had to send overage checks out to members if they spent more on marketing, bonuses, etc than on services. Getting refund checks from Blue Cross/Blue Shield at the end of the year because they spent too much money on everything but healthcare wasn’t exactly reassuring.
Remember, one of the provisions of the ACA was requiring insurance companies to ensure at least 90% of expenditure was directly towards covering care, meaning insurance companies are legally permitted an incredible up to 10% profit margin. For context most retailers have profit margins of 1-2%
Don’t forget that the ACA also stipulated they had to send overage checks out to members if they spent more on marketing, bonuses, etc than on services. Getting refund checks from Blue Cross/Blue Shield at the end of the year because they spent too much money on everything but healthcare wasn’t exactly reassuring.
Even worse, they are colluding with big pharma to raise prices, because would you rather get a 10% profit off of $100 or $10000?