Drudge Retort: The Other Side of the News
Sunday, April 21, 2024

Health insurance companies have swelled in both size and scope over the last decade, with the revenues of six for-profit parent companies making up nearly 30% of total U.S. health spending last year -- compared with less than 10% in 2011.



Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

More from the article...

... The nature of health insurance(-plus) companies has changed drastically over the last decade.

- - - Three of them processed nearly 80% of prescription claims last year, one of them is owned by the nation's largest pharmacy chain and one has become the largest U.S. employer of doctors.

- - - Some of them have also recently acquired primary care providers, home health companies and urgent care services.

- - - "Defining what is an insurance company ... in some ways has become very hard," said Craig Garthwaite, a professor at Northwestern's Kellogg School of Management. ...

#1 | Posted by LampLighter at 2024-04-19 03:53 PM | Reply

Another "benefit" of healthcare-for-profit.

#2 | Posted by LampLighter at 2024-04-19 03:53 PM | Reply | Newsworthy 1

Forgot to add, good chart in the article.

#3 | Posted by LampLighter at 2024-04-19 03:54 PM | Reply

Thanks to ACA.

#4 | Posted by LauraMohr at 2024-04-19 03:54 PM | Reply | Funny: 1 | Newsworthy 1

Too big to fail? what happened to monopolies and the free market? Let them fail. Should have let the banks fail.

#5 | Posted by Brennnn at 2024-04-19 04:05 PM | Reply | Newsworthy 1

Elevance Health Clocks $2.2B Q1 Net Profit Despite 21% Drop In Medicaid Enrollment

Even Walmart is selling Medicare Advantage programs.

#6 | Posted by Corky at 2024-04-19 04:13 PM | Reply

@#4 ... Thanks to ACA. ...

ACA was originally a Republican idea, put forth because Republicans were tired of paying for those wh showed up in emercengy rooms without insurance.

How the Heritage Foundation, a Conservative Think Tank, Promoted the Individual Mandate (2011)

This came up at Tuesday's Western Republican Leadership Conference Debate, where Mitt Romney and Newt Gingrich tussled on the question:
ROMNEY: Actually, Newt, we got the idea of an individual mandate from you.

GINGRICH: That's not true. You got it from the Heritage Foundation.

ROMNEY: Yes, we got it from you, and you got it from the Heritage Foundation and from you.

GINGRICH: Wait a second. What you just said is not true. You did not get that from me. You got it from the Heritage Foundation.

ROMNEY: And you never supported them?

GINGRICH: I agree with them, but I'm just saying, what you said to this audience just now plain wasn't true.


ROMNEY: OK. Let me ask, have you supported in the past an individual mandate?

GINGRICH: I absolutely did with the Heritage Foundation against Hillarycare.

ROMNEY: You did support an individual mandate?

ROMNEY: Oh, OK. That's what I'm saying. We got the idea from you and the Heritage Foundation.

GINGRICH: OK. A little broader.


(Romney was prepared to go on, but Michele Bachmann, in her usual role as the person who makes the debates less useful, interjected and changed the subject.

#7 | Posted by LampLighter at 2024-04-19 08:05 PM | Reply | Newsworthy 1

"How the Heritage Foundation, a Conservative Think Tank, Promoted the Individual Mandate (2011)"


That was before America elected Barack The Magic Negro.

Republicans went Full ------ after America elected Barack The Magic Negro.

#8 | Posted by snoofy at 2024-04-19 09:09 PM | Reply

Case in point:

My doctor (of 4 decades) office apparently was purchased by a private equity group that then set up a medical facility that seems to have combined all the local doctor offices they purchased.

Back in 2018, I called that new facility to make an appointment for my annual physical checkup.

I was greeted by a robot menu, I chose ~make an appointment.~ I was transferred to a ringing phone that was not answered.

I tried again a few days later, with the same result. And again a few days later. Same result.

Keep in mind, before my doctor's office was apparently acquired by private equity, when I called, the call was always answered before the third ring.

As a result of my inability to schedule an appointment with my doctor, I have not had an annual physical exam in six years.

Yeah, healthcare for profit.

Such an improvement.

#9 | Posted by LampLighter at 2024-04-20 02:17 AM | Reply | Newsworthy 2


My insurance is now pushing their "virtual primary care" telemedicine nonsense. Yes, that would mean not actually being able to go to a primary care doctor locally, or having a doctor who had ever seen me before, it would be somebody different every time.

Fortunately for me, my doctor isn't owned by private equity, he works for a local non-profit university hospital system. I can still call his office and talk to a person.

#10 | Posted by DarkVader at 2024-04-21 02:36 PM | Reply

Too big to fail...

If so many in the US weren't so afraid of the evil "Socialism!", health insurance for basic care never even would have been necessary. The so called "private sector" is not actually the panacea to solve all of our problems that conservatives believe it to be. A "free market" healthcare system has not existed for decades, and is probably no longer legitimately possible. "Free market" has really just become code-speak for crony-capitalism.

#11 | Posted by Whatsleft at 2024-04-21 02:45 PM | Reply | Newsworthy 5


I would try walking into their office and putting yourself in the way until they actually schedule your appointment.


Keep an eye on them. The privatization is even trying to push into systems such as you describe.

#12 | Posted by Whatsleft at 2024-04-21 02:51 PM | Reply

"A "free market" healthcare system has not existed for decades"

At the least.

As a market, healthcare turns everything on its head. Most businesses try to entice customers; part of the HC goal is to keep people healthy so they don't need as much medical care.

Normal businesses try to keep you in the store as long as possible. Hospitals try to discharge you as soon as possible.

Normal businesses can't wait for you to come back. Healthcare's goal is to train you NOT to need to come back soon.

And don't even get me started about the opaque pricing.

#13 | Posted by Danforth at 2024-04-21 02:59 PM | Reply | Newsworthy 1

It is ironic as hell when capitalism pushes itself into government intervention to save it.

never... effen... fails or to quote a whirled famous republiclown:

"I've abandoned free-market principles to save the free-market system"
GW Bush

Libertaricl0wns and their trauma bonding antics.

#14 | Posted by RightisTrite at 2024-04-22 07:57 AM | Reply

-Thanks to ACA.

I see all anybody had in response was a whataboutism. I agree with the whataboutisms in that they are true but let's return to the now and reality.

It's true....ACA has led to this.

If ACA was going to be successful then it was inevitable this would happen.

#15 | Posted by eberly at 2024-04-22 09:21 AM | Reply

"It's true....ACA has led to this."

Accelerated this.
We were always on this path.

#16 | Posted by snoofy at 2024-04-22 09:29 AM | Reply

I don't mean to bag on ACA...because the goal was to get more people insured.

#17 | Posted by eberly at 2024-04-22 09:35 AM | Reply

Health insurance is too important to be left to the free market. It needs to be provisioned as a utility.

As a practical matter, if one of these companies fail, the government will be forced to step in.

So, why wait? Just nationalize it now.

#18 | Posted by snoofy at 2024-04-22 09:55 AM | Reply

You have to understand how difficult and complex the Health Insurance system is for a large, rich country.

It's so difficult and complex, only 31 of the 32 large, rich countries in the world have managed to figure it out.

Country #32 has Republicans.

#19 | Posted by Sycophant at 2024-04-22 10:07 AM | Reply

I don't mean to bag on ACA...because the goal was to get more people insured.

And what does that have to do with the problem here?

More people in the system shouldn't mean consolidation of health insurance to a few companies.

#20 | Posted by Sycophant at 2024-04-22 10:09 AM | Reply | Newsworthy 1

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2024 World Readable

Drudge Retort