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Snowe Job? Insider Says Senator Is "Disingenuous or Naive"

by: Greg Palast, t r u t h o u t | Report

Wendell Potter tells Greg Palast health insurers' dirty secret.
Wendell Potter tells Greg Palast health insurers' dirty secret. (Photo: Fighting Bob Fest)



    Special Feature: Listen to Greg Palast's exclusive interview with health insurance company whistleblower Wendell Potter. Press play below to hear the clip.




Also, read Greg Palast's expert analysis,     
The S-Word and Dr. Kevorkian's Accountant.    â€¢

    Former insurance executive Wendell Potter tells Greg Palast, in an exclusive interview for Truthout.org, that "the system's rigged" to kill off so-called "health cooperatives." Sen. Olympia Snowe of Maine cast the only Republican vote on the Senate Finance Committee for the Obama health care plan, but only on the condition that Democrats drop their demand for a "public option" insurer in favor of private doctor/hospital cooperatives.

    Earlier today, Potter told Truthout.org that the senator's plan is "disingenuous or naive," because, in most states, "the system's rigged" to lock up all patients under one for-profit monopoly. While a publicly-funded insurer might succeed in forcing insurers to cut premium charges, Snowe's cooperatives "don't stand a snowball's chance" of competing against the for-profit monopolies.

    Potter, once vice president of CIGNA, told Truthout.org that, "The insurance industry, if it were honest" would admit that it "loves" the Senate Finance Committee's version of the health care legislation as the bill provides nearly half a trillion dollars ($461 billion) in subsidy payments directly from the Treasury to the industry.

  

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Forensic economist Greg Palast is author of the New York Times bestseller, "The Best Democracy Money Can Buy." His investigations for BBC TV and Democracy Now! can be seen by subscribing to Palast's reports at www.GregPalast.com.

Comments

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Apparently, the Insurance

Apparently, the Insurance Companies are determined to continue raping the public for as long as possible. In the last few weeks, I've heard of so many people who's company is canceling them DUE TO PRE-EXISTING CONDITIONS (including one of my own children, my best friend, my cousin, and, at least 50 others. None of these people had anything major wrong with them. My daughter's insurance company is presently hunting to find out if a few tests she needed could be linked to a pre-existing condition. Her co-worker, father of two young boys, just had his entire family's insurance canceled because HE SMOKED THIRTY YEARS AGO! He's perfectly healthy as is the rest of his family, yet they now have no insurance. My cousin, a forty year old, healthy single man had a small hernia. His short out patient surgery motivated his company to cancel his "PRE-EXISTING CONDITION." And, you expect these companies to shape up and treat us all right? I have some land to sell you in the swamps of New Orleans. The ONLY SOLUTION is a public option. It's the only measure that will enable the public at large to be covered for their medical needs, big or small. Don't deny it. The present climate is soooooo ready for a big time rebellion from the common people (the large majority of us). Your careers and the health (in fact, the very lives) of millions are in your hands. Decent people,NOT the wealthy nor the large corporations, cannot continue to watch this tragedy without becoming sick to their stomachs. Do the right thing. Give us a public option.

Tie the mandate to the

Tie the mandate to the medical loss ratio: If, in any geographic area, consumers don't have a choice of a plan that pays out 95% of premiums collected in direct medical reimbursement, there will NOT be a mandate. That would force the insurance industry to cut costs and profits in order to get new subscribers. It is immoral to require anyone to purchase a product in which 1/3 of the cost goes to waste and profit. Any subsidy in that case goes directly from taxpayers to the insurance industry - an unjustified bail-out! Also, taxpayers should only subsidise the plans that pay out 95%.

Cooperatives are not the

Cooperatives are not the answer; for them to work requires very specific sets of circumstances. We need a public option. Nearly half of the Senate (48 Senators) are eligible for Medicare benefits; nearly a fourth of the House (103 Representatives) are, too. Why should the public be denied the same kind of single payer, public option our representatives have?

Wendell Potter is seemingly

Wendell Potter is seemingly the lone voice with a conscience who once was a part of the insurance industry. Are there no others who advanced as an insurance executive willing to come forward and tell the truth about this immoral enterprise?

Olympia is a very good

Olympia is a very good senator, in most respects, and Mainers feel lucky to have her. However, there IS a problem with possible influence in this case. She has taken considerable moneys from the health insurance and managed-care industries and must be receiving serious heat from them. According to a local station reporting a MoveOn.org protest (http://www.wgme.com/newsroom/top_stories/videos/wgme_vid_907.shtml), as of mid-October, she had received "$474,000 dollars in campaign contributions from insurance companies and HMO's during her career." For Maine, a relatively poor state, this is serious money. The solution is to bar paid lobbyists. Period. I doubt that I'm the only voter who would rather keep her for us "the people."

Its now become time for

Its now become time for there to be a test of our elected officials in Washington. This test will be for senility. From watching, listening and reading what some of these very, very old people have to say, I've become suspect of their mental capacity. Any elected or appointed person in government over 65 must undergo a test for dementia. If they didn't have personal drivers, I think a few of these representatives and senators couldn't find their way home after work.

I'm from the United States

I'm from the United States and we have that pay to play government. Why yes we do, but it seems to be working. We vote and send people to Washington to represent us and then corporations pay them to represent the corporations instead. I mean, aren't corporations more important than people? Its obvious that they are because their paid representatives seem to always pass laws and legislation to protect them from the citizens of the United States. The representatives must know what they're doing, don't they? I mean don't they?

Would like to see millions

Would like to see millions of emails to the president similar to: Dear Mr. President, Although we mere voters have not read the hundreds of pages of the proposed health care reform legislation, it is clear to us that it is no reform at all, it gives to the insurance industry cartel everything it wants while doing nothing to place health care insurance squarely into the public domain. We are not pleased with the way the health care legislation is being crafted in back rooms filled with the unhealthy smoke of the insurance companies. (The Baucus committee is riddled with influence form Wellpoint). We urge you now to speak honestly about the Baucus travesty and to declare your intention to veto any bill that resembles the Baucus bill.