Contributed Content
healthcare
THE BAD NEWS: Big insurers have been announcing record profits. Thanks, in part, to Americans paying sky-high out-of-pockets.
THE GOOD NEWS: Politicians and the media are FINALLY realizing that high OOP costs are breaking the budgets of American families.
https://wendellpotter.substack.com/p/as-big-insurance-announces-record
What @bobjherman said but also this: tens of millions of Americans are functionally uninsured because deductibles are ridiculous. Insurers and their shareholders are rolling in the dough. The 100 million Americans with medical debt? Not so much https://twitter.com/bobjherman/status/1554508070637735937
Worth keeping in mind that a "record low" uninsured rate still = 26.4 million people with no health insurance. That's equivalent to the population of Florida and Louisiana combined, fending for themselves for their entire medical bills. https://twitter.com/CitizenCohn/status/1554505476754358273
The price of insulin has been steadily increasing over the last decade.
In fact, 14.1% of Americans face "catastrophic" spending levels from insulin alone, with Medicare beneficiaries especially vulnerable to coverage inequities.
https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.2021.01788
Exxon Mobil recorded an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion.
The monopolization of America is driving record profits for corporations and economic hardship for everyone else.
