Latest In

Breaking News

Feinstein: All Health Insurance Should Be Nonprofit

TWI reader ajm8127 wrote in this afternoon with a thought on the insurance industry: For profit health care insurance providers are a conflict of

Jul 31, 2020
775K Shares
12.5M Views
TWI reader ajm8127 wrote in this afternoon with a thought on the insurance industry: “For profit health care insurance providers are a conflict of interest.”
Well, Sen. Dianne Feinstein (D-Calif.) agrees.
During Wednesday’s Senate Judiciary hearingon insurers’ anti-trust exemption status, the California Democrat blasted away at the industry, saying it “lacks a moral compass” and puts a lust for profits above the needs of patients.
Premiums are out of hand. I think CEO salaries are out of hand. I think administrative costs, running about 23 percent, are out of hand.
My bottom line belief is that the health care medical insurance industry should be nonprofit in the United States. And the more I read about other countries, the more this view is supported in my own mind.
Needless to say, Feinstein has endorsed the proposalto scale back the industry’s anti-trust exemptions.
Paolo Reyna

Paolo Reyna

Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies. Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most. In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles