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Should Medicaid and Medicare be sold to private for-profit corporations?

By Summer Harrison ()     Permalink
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Should Medicaid and Medicare be sold to private for-profit corporations?

     Ten for-profit insurance companies are creating HMOs to sell to states as Medicaid plans, and to gain federal Medicare contracts.  When the market plunged on August 8, federal handouts of $11 billion a month left companies like Unitedhealth, Aetna, Humana and Wellcare outperforming the S&P 500 by 23-30 percent.

Profits in these companies are made by not spending premiums received.  The human toll comes from the medically necessary services and treatments that the HMO has denied in order to not spend premiums paid by the government. 

       3% from 1 votes  
       97% from 37 votes  
I don't have an opinion
       0% from 0 votes

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I'm the mom of a 12 year old with multiple severe disabilities. Since April 2009 I've been blogging about the medical civil rights of children as well as adults with disabilities. As state budgets reacted to the larger economic picture, the (more...)
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If private insurance companies take over Medicare/... by Ed Martin on Friday, Aug 12, 2011 at 8:36:58 AM
Who's the ignorant moron who voted 'Yes'?Come on. ... by 911TRUTH on Saturday, Aug 13, 2011 at 10:12:22 AM
are scams, you pay into them all of your life and ... by nativenezperce on Saturday, Aug 13, 2011 at 1:18:26 PM
Reports indicate these for-profit HMOs routinely s... by Summer Harrison on Sunday, Aug 14, 2011 at 1:34:52 PM
 The private sector insurance companies have ... by Rebecca Carr on Sunday, Aug 21, 2011 at 1:37:58 PM
This is what competition is all about. We know tha... by CarmanK on Saturday, Sep 17, 2011 at 6:11:52 PM
Your "free market" analysis does not apply to the ... by Summer Harrison on Sunday, Sep 18, 2011 at 2:40:52 PM

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