Report Shows Big Insurance Profiting Massively From Medicare Privatization

A new analysis released Monday shows that insurance giants are benefiting hugely from the accelerating privatization of Medicare and Medicaid, which for-profit companies have infiltrated via government programs such as Medicare Advantage. According to the report from Wendell Potter , a former insurance executive who now advocates for systemic healthcare reform, government programs are now the source of roughly 90% of the health plan revenues of Humana, Centene, and Molina.

'The premiums and taxes paid by Americans enabled the Big Seven to make those profits.' In his analysis, Potter observed that Medicare Advantage enrollment among the Big Seven increased 252% between 2012 and 2022.

Source: Insurance Report (insurancereport.net)

Healthcare Medicare Pramila Jayapal Privatization Big Insurance Medicare Privatization Wendell Potter Medicare Advantage

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House Report on Big Oil Greenwashing Shows 'Big Tobacco Playbook All Over Again'Julia Conley is a staff writer for Common Dreams.
Source: commondreams - 🏆 530. / 51 Read more »

2025 Aston Martin Vantage First Drive Review: Big changes, big big powerGet in-depth info on the 2023 Aston Martin Vantage including prices, specs, reviews, options, safety and reliability ratings.
Source: therealautoblog - 🏆 528. / 51 Read more »

Insurance expert explains how property insurance companies use drones to inspect policyholders’ roofsFor years, property insurance companies have used drones to inspect property damage after a natural disaster.
Source: wjxt4 - 🏆 246. / 63 Read more »

Are insurance mailings promising to cut homeowners insurance a bait and switch?You know those insurance agents who send you ultra low, unsolicited homeowner's policy premiums? They are teaser rates that don't represent reality.
Source: dallasnews - 🏆 18. / 71 Read more »

More severe weather in Colorado could lead to higher insurance ratesThe Colorado Division of Insurance requires insurance companies to justify why rates go up.
Source: 9NEWS - 🏆 238. / 63 Read more »

Map Shows States Expected to See Home Insurance Prices SurgeA new Insurify report found between five to eight hurricane impacts could shift home insurance costs in key states.
Source: Newsweek - 🏆 468. / 52 Read more »