US health insurers get more and more federal funding, deliver less and less care

Obamacare was poisoned aborning.

The American healthcare system is the worst of all possible worlds. Unlike every other wealthy country, the US leaves its health insurance to the private sector, where your health and your life are a distant second to shareholder profits. But it’s worse, because the majority of the money those terrible, “private” insurance companies “earn” comes from public subsidies.

In other words, the US has a privately run health care sector that is publicly financed, without any public accountability or duty to the public good. Insurance companies take ever more billions from the federal government and deliver ever less care to their customers.

Cigna-exec-turned-whistleblower Wendell Potter has just published a new report that breaks down share of federal subsidies in the largest US insurers’ bottom lines:

• Humana: 91%
• Molina: 89%
• Centene: 86%
• Aetna: 73%
• Unitedhealth: 72%
• Elevancehealth: 68%
• Cigna: 42%

https://wendellpotter.substack.com/p/the-majority-of-big-insurers-health