|
Letter to the editor, Albuquerque Journal, Albuquerque, New Mexico
January 6, 2010
H. Edward Hanway, the chairman and CEO of Cigna Corporation, one of the largest private insurance companies, has a great deal to be thankful for this holiday season. Cigna, which had a profit of over $1 billion in 2007 and paid Hanway $30.16 million in 2008, has fared quite well in both the House and Senate health reform plans.
Rather than eliminating this and other administrative waste, not a dime
of which goes for patient care, from the health system, Congress is
bailing them out with billions of our tax dollars. In fact, the state
will use its power to force people, both employers and employees, to
purchase health insurance from Cigna or one of its small group of
competitors. If they don't they will face steep fines.
And the insurance that they are forced to purchase will only cover 60
percent of medical costs, meaning that millions of Americans will still
continue to face bankruptcy for unpaid medical bills. The booming
insurance stock prices on Wall Street are their reward for investing
hundreds of millions of dollars for lobbying Congress. ...
From the very beginning of this corrupt process, when the Democratic
leadership declared that single-payer — a not-for-profit health payment
system used in other countries that would eliminate private health
insurers — was “off the table,” it has been obvious where this race to
the bottom was headed.
The health care system should be run solely for the benefit of
patients. The most ardent supporters of this legislation are the
insurance companies and pharmaceutical industries, not the majority of
patients, doctors and nurses who polls show support a single-payer,
improved Medicare-for-All national health plan.
These congressional health bills are a boondoggle for the private
insurance industry and a despicable sell-out of women's reproductive
health rights. Congress should start again from scratch — this time
with single-payer at the table.
Bruce Trigg, M.D.
www.pnhp.org
|