History (of Health Insurance Greed) Repeats Itself - BY WENDELL POTTER

 

"UnitedHealthcare & Humana told investors this year that it was bailing out of most of its Obamacare markets, because, once again, the big insurers were not making the profit margins they wanted, they were also losing money. Like the old Medicare + Choice plans, they were paying out more than they were taking in from the government and Obamacare nrollees. So,as they did a decade ago, they decided to cut those enrollees loose!  The insurers’ trade associations, once again, began behind-the-scenes lobbying campaigns to get lawmakers and regulators to change the rules so they could turn the ink on their financial statements from red to black as they had in n the early 2000s. In short order, there was a reversal in fortune — in the insurers’ favor. So if the past is prologue, we can expect the insurance industry’s lobbyists to be hard at work to make sure history repeats itself."