And The Rich Get Richer

[WENDELL POTTER FTW AGAIN]

Family health premiums hit $27k this year. Out of pockets jump to $21k next year. #Muricuh—where your deductible costs more than your used car. 🇺🇸 🤦🏻‍♂️

Health insurance went up 60% since 2014, while wages limped behind. Workers now fork over nearly seven grand a year for plans that cover less than a wet paper bag. UnitedHealth’s stock exploded by almost 500% in the same window.

Growth or hostage negotiation?

The Affordable Care Act did a few good things, but “affordable” never cut. It gave insurers a hall pass to invent new ways to screw you. The out-of-pocket cap is an adorably cute idea, but it only applies if you stay inside their maze of “in-network” providers. Step outside, and you get a bill that competes with your mortgage (if you can even afford home ownership)

Insurers whine to Wall Street because people dared to go to the doctor.

#BooHoo

UnitedHealth, Cigna, Humana, CVS/Aetna, Elevance, Centene, and Molina made $71B last year while investors got mad because people were too sick to stay profitable. ‼️

If Congress lets pandemic subsidies expire, premiums will double overnight. Small businesses will dump coverage like bad gas station sushi. Employers will pass the pain to workers and call it “cost containment.” The middle class will keep paying ransom to live, while executives collect bonuses for “efficiency.”

Apparently, equity = shareholder returns.

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SOURCE ➡️ https://open.substack.com/pub/healthcareuncovered/p/family-health-premiums-just-hit-27000?r=wlxsl&utm_medium=ios