Dec 7, 2015
Last month, UnitedHealth, the country’s largest private health insurer, said that because of the “continuing deterioration” of its profits, it may quit offering coverage through the Affordable Care Act system by 2017.
This is a company that pocketed more than 4.5 billion dollars in net profit already in first nine months of this year. But, in capitalism, only the sky’s the limit. And, UnitedHealth wants more profits. Otherwise, it threatens to dump its insured, who may already be sick and in need of treatment or may have a health problem in the future.
Simply, to increase its profits, UnitedHealth wants, for example, higher premiums, which would increase out-of-pocket healthcare costs for working people. Since UnitedHealth is the largest insurer, if it could get away with such threats and extract higher premiums, other insurers would follow suit, increasing the healthcare costs for all.
The actual threat to our health is these so-called health care companies. They are the sickness of this system!