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USA Presbyterian Church Takes Step Toward Divestment From For-Profit Health Insurance Companies

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Today the Presbyterian Church (USA)(2.3 million members) took a step toward divestment from for-profit health  insurance companies in the US by instructing the appropriate committee of the General  Assembly to begin a process of information gathering. The Mission Through Responsible  Investing Committee (MRTI) is instructed by the General Assembly of the Presbyterian  Church (USA) to request information and explanations of health insurance companies. This  information will focus especially on the insurers' practices in regard to state and federal  lobbying expenditures and political campaign contributions, government subsidies and profit  margins, denials of claims, and top executives' compensation packages. Other directives  include a conversation with the Board of Pensions, the overseeing body that works with the  health care provider, to ensure that the church's health plan submits to the same standards  that it asks of other insurers. Based on its analysis MRTI will evaluate the variance between  church principles of universal access and affordability on the one hand and corporate  objectives on the other. It will also assess the likelihood of significant change in corporate  behavior.

In addition, the committee is to recommend measures to the appropriate Council of the church, including possible divestment from the health insurance companies, measures that  will strengthen the integrity of the church's practice. The relevant committees and councils are requested to report on their action to the General Assemblies of 2014 and 2016, with an eye  to guiding individual Presbyterians, congregations and mid-councils, in relation to their own  investment holdings in this major part of the economy.

Finally, all official bodies are encouraged to continue to support cost-effective health coverage  for all through the single payer (or expanded Medicare) model common elsewhere in the  developed world, and to support making health care affordable and transparent.

The overture for this step originated with the Mid-Kentucky Presbytery, was joined by the  Presbyteries of Albany, New York City, Long Island and West Jersey, and was approved  overwhelmingly by the Committee on Health Issues of the General Assembly on July 3, 2012.

 

Johanna W.H.van Wijk-Bos is Dora Pierce Professor of Bible and Faculty Liaison for the Women's Center at Louisville Presbyterian Theological Seminary in Louisville, Kentucky, where she has taught for the past 35 years. Ordained to the gospel (more...)
 

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USA Presbyterian Church Takes Step Toward Divestment From For-Profit Health Insurance Companies

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Advocates for single payer, nationalized, healthca... by Rob Kall on Tuesday, Jul 10, 2012 at 7:30:27 PM
I told years ago. Society must follow reality not ... by Ethan Hollow on Tuesday, Jul 10, 2012 at 8:45:09 PM
This is truly a milestone. An organized, internati... by James Hadstate on Wednesday, Jul 11, 2012 at 10:20:26 AM
I can only hope that other denominations, foundati... by PCM on Wednesday, Jul 11, 2012 at 5:50:51 PM
How this helps us middle income people who no must... by Miriam Callaghan on Friday, Jul 13, 2012 at 5:23:50 PM