Healthcare Executive: It’s All About The Benjamins Screw You
Former Exec: Insurers ‘Confuse Their Customers,’ ‘Dump the Sick’
A guy who spent his career working for health-insurance companies went up to Capitol Hill today and unloaded on his former industry.
Here’s how he kicked off his testimony (online here) to the Senate Committee on Commerce, Science and Transportation:
My name is Wendell Potter and for 20 years, I worked as a senior executive at health insurance companies, and I saw how they confuse their customers and dump the sick –- all so they can satisfy their Wall Street investors.
But what we have today, Mr. Chairman, is a Wall Street-run system that has proven itself an untrustworthy partner to its customers, to the doctors and hospitals who deliver care, and to the state and federal governments that attempt to regulate it.
