Tag: insurance companies

Fearing ‘blue wave,’ drug, insurance companies build single-payer defense

The following article by Peter Sullivan was posted on the Hill website August 10, 2018:

Powerful health-care interests worried that a Democratic “blue wave” could give new energy to single-payer health-care legislation have created a new group to take on the issue.

The formation of the Partnership for America’s Health Care Future is a sign of the health-care industry’s alarm over growing support for a single payer health-care law within the Democratic Party.

Health insurance and drug companies, who are often at odds on policy issues, banded together to form the group, which lobbyists say could run advertisements against single-payer plans and promote studies to undermine the idea.

View the complete article here.

President Trump’s false claim that insurance companies ‘have made a fortune’ from Obamacare

The following article by Glenn Kessler was posted on the Washington Post website October 19, 2017:

The president misleadingly correlates insurance company’s rising stock prices to profits related to Obamacare, but they are not one in the same. (Meg Kelly/The Washington Post)

“We want the money to go to the people. We don’t want the money to go into the pockets. I have a list here where it talks about the insurance companies. … Anthem, big company, from the beginning of Obamacare, 270 percent increase in their stock price. Humana, 420 percent up. Aetna, 470 percent increase from Obamacare. Cigna, 480 percent increase since Obamacare. The insurance companies have absolutely taken advantage of this country and our people. And I stopped it by stopping the CSRs.”
— President Trump, responding to a question from Mike Sacks of E.W. Scripps, Oct. 17, 2017

“I don’t want to make the insurance companies rich. If you look at their stock price over the last number of years — take a look at what’s happened with those insurance companies — they’re making a fortune by getting that kind of money.”
— Trump, remarks on the White House lawn, Oct. 13, 2017 Continue reading “President Trump’s false claim that insurance companies ‘have made a fortune’ from Obamacare”