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Happening in Washington
It’s estimated that 14% of health insurance companies engage in strategic overestimation, costing policyholders hundreds of millions of dollars in unpaid rebates. @wendellpotter
https://insurancenewsnet.com/innarticle/health-insurers-accused-of-overestimating-costs-to-reduce-rebates?trk_msg=QLK110MP0SKKVF6HJ12I4752M0&trk_contact=21DP7S305HPRDUEJCNN5RMV8Q4&trk_module=new&trk_sid=QSC9AUE6GD0DEMQO6I0CD813E0&utm_source=listrak&utm_medium=email&utm_term=https%3a%2f%2finsurancenewsnet.com%2finnarticle%2fhealth-insurers-accused-of-overestimating-costs-to-reduce-rebates&utm_campaign=INN+Health+Newsletter&utm_content=2021-05-06
For reference, this is how much the CEOs of the Big Three insulin manufacturers made in 2020:
Eli Lilly: $23.7 million
Sanofi: €5.63 million ($4.6 million)
Novo Nordisk: DKK 56.5 million ($9.1 million) https://twitter.com/Kidfears99/status/1388825681518280704
US insulin prices should be capped at $20/vial, at most, like every other country.
That would still give Phrma a 300% profit margin per vial, rather than the 5,900% profit per vial they currently have.
Insulin price caps save lives.
Lives are more important than profits
Brand 🆕 #PotterReport http://ow.ly/im7I50EEGSE
4
Laura is a cancer survivor who fought to save the ACA, is now executive director of @GetUsCovered
Here she calls on GOP officials in 12 states to relent and expand Medicaid -- now an even better financial deal, thanks to ARP -- so that millions of uninsured can get coverage. https://twitter.com/lpackard/status/1389612654440841221
Four years ago today—Republicans in the US House voted to dismantle the Affordable Care Act, which was keeping me alive.
Republicans in 12 states are still refusing to expand Medicaid, which means 4 million Americans are going without health care. https://www.thenation.com/article/politics/republicans-medicaid-aca/
"High out-of-pocket costs have become an American scandal. For now, insurance companies and their shareholders are laughing all the way to the bank." - @wendellpotter
https://tarbell.org/2021/05/bidens-big-chance/
