Profiteers

Don’t Worry, Wall Street Journal, Health Insurers Are Profitable!

November 3, 2025 John Canham-Clyne, Fairness and Accuracy in Reporting. Educate! Health Care, Health Insurance, Health Insurers, Profiteers, Wall Street

On October 21, Elevance Health (the rebrand of for-profit health insurer Anthem) announced its third quarter results. Operating revenue went up 12% from the same three-month period last year, and profits as measured by normal accounting rules rose 17%. UnitedHealth Group, the nation’s largest insurer, went one better, raising its expectations for how much profit it will make this year, as it eased Wall Street’s worries by increasing the premiums it will charge for coverage in 2026. Please let the anxious folks at the Wall Street Journal know. They’ve been so worried. Over the past year, older Americans, low-income people who enroll in private Medicare and Medicaid insurance plans, and people covered by health insurance purchased from the Affordable Care Act exchanges have been doing something that private insurance companies and their Wall Street investors find disturbing: They’re actually going to the doctor and getting the healthcare they need.

John Geyman On The Growing Costs Of US Health Care

October 15, 2025 Russell Mokhiber, Corporate Crime Reporter. Educate! Capitalism, Health Care, Health Insurance, Profiteers

You know health care costs are starting to hit home when Congresswoman Marjorie Taylor Greene raises the red flag. In a posting on Twitter last week, the Republican Congresswoman from Georgia broke from Republican leadership in the House. “I’m going to go against everyone on this issue because when the tax credits expire this year my own adult children’s insurance premiums for 2026 are going to double, along with all the wonderful families and hard-working people in my district,” she wrote. “No I’m not towing the party line on this, or playing loyalty games. I’m a Republican and won’t vote for illegals to have any taxpayer funded health care or benefits.”

Meet The Low-Wage 100

August 23, 2025 Sarah Anderson, Inequality.org. Educate! Low wages, Profiteers, wealth inequality, Worker Rights

The gap between CEO compensation and median worker pay at Starbucks hit 6,666 to 1 last year. In other words, to make as much money as their CEO made last year, typical baristas would’ve had to start brewing macchiatos around the time humans first invented the wheel. Starbucks takes the prize for the most obscene corporate pay disparities of 2024. But jaw-dropping gaps are the norm among America’s leading low-wage corporations. This year’s edition of the annual Institute for Policy Studies Executive Excess report finds that CEOs of the 100 S&P 500 firms with the lowest median wages, a group we’ve dubbed the “Low-Wage 100,” have enjoyed skyrocketing pay over the past six years.

Beware Of Health Insurance Companies Bearing Gifts

August 20, 2025 F. Douglas Stephenson, Counter Punch. Educate! Health Care, Health Insurers, Medicare Advantage, Profiteers

Gainesville, FL - When it comes to Medicare Advantage, “beware of health insurance companies bearing gifts”, just like “beware of Greeks bearing gifts”, is a phrase that serves as a cautionary warning against trusting those who may have ulterior motives, particularly when they present seemingly generous health insurance policy offers. Everyone should be aware that not all offers of help or generosity are genuine and that one should critically and thoroughly assess the intentions and specifics behind such programs and policies. The idiom is particularly relevant in situations where aggressive sales agents of health insurance companies may present themselves as allies while harboring hidden marketing and sales agendas for Medicare Advantage.

Health Insurers Push Huge Premium Hikes As Profits Soar

July 21, 2025 Veronica Riccobene and Helen Santoro, The Lever. Educate! Affordable Care Act, Health Care, Health Insurance, Profiteers

The six largest health insurers reported more than $1 trillion in revenue and more than $31 billion in net income last year — and are now pushing to raise Americans’ premiums by as much as 66 percent for some policies, according to recent state regulatory filings. The proposed increases come as insurers dole out billions to further enrich top brass and shareholders through stock buybacks and dividends. In all, Affordable Care Act (ACA) marketplaces across the country are projected to see the largest rate hikes in more than five years, driving up out-of-pocket premiums for individual plan policyholders by more than 75 percent on average, according to data compiled by the Kaiser Family Foundation.

National Day Of Action To Demand Health Care, Not Profit

May 12, 2025 Margaret Flowers, Clearing the FOG. Podcast - Clearing The FOG health, Health Care, Medicare for all, Profiteers, Single-Payer

On May 31, a large coalition of labor and community groups is holding a nationwide day of action to demand a national single payer healthcare system. Clearing the FOG speaks with Kay Tillow, an organizer of the action and member of the leading organization, NationalSinglePayer.com. Tillow speaks about the current healthcare crisis in the United States and why it is imperative that people organize now for a solution, such as national improved Medicare for all. Tillow critiques the Medicare for All legislation that was recently introduced in both houses of Congress and what we need to do to move the bills forward.

Doctor And Patients Protest UnitedHealth’s Record Earnings

January 23, 2025 Chris Mills Rodrigo, Inequality.org. Resist! Health Care, Health Insurance, Profiteers, Protests, UnitedHealthcare

America’s largest health care company, the UnitedHealth Group, pulled in over $100 billion in revenue in just the fourth quarter of 2024 alone. For the full year, the giant’s insurance division, UnitedHealthcare, reported record revenue of $298.2 billion, the company announced last Thursday. These staggering revenue totals actually fell below investor expectations. UnitedHealth Group shares, right after the announcement, slipped 6 percent on the New York Stock Exchange. Meanwhile, just outside that capitalist bastion, victims of our for-profit healthcare system — doctors and patients alike — were braving freezing temperatures to call out the suffering that engineered UnitedHealth’s exorbitant earnings.

Patients Are Dying Because Of Profit-Driven Political Decisions

January 18, 2025 The Canary. Organize! Health Care, NHS, Privatization, Profiteers, United Kingdom (UK)

In 2025, campaign group EveryDoctor is stepping up its work to save the NHS from privatisation, and build a functioning, flourishing healthcare system for patients and staff alike. However, there’s work to do. The group wants to grow its following from thousands, to a vibrant patient and staff community of millions. It feels it will take nothing short of this to turn things around because: millions of people are currently being profoundly failed by politicians In short, the group aims to transform its campaign community into something more: a movement. Its ambitious goal comes amidst another spate of alarming news stories over the appalling state of things in the NHS.

Health Care Profiteers Encounter Protest At ‘Investors’ Gathering

January 16, 2025 Leon Kunstenaar, Indybay. Resist! Capitalism, Class Struggle, Health Care, Profiteers

One of the wealthiest gangsters, JP Morgan Chase Bank, convened into the posh Westin St. Francis hotel a gathering of fellow "investors" involved in the organized looting known as the "Health care" industry. Sensing public anger inspired by the recent killing of a UnitedHealthcare executive, a heavy police presence surrounded the hotel and the adjoining streets. The largest health "insurer" in the country is UnitedHealthcare. Its 2023 profit was $22 billion. Estimates of what a single payer health care system to care for every man, woman and child in the country are about $20 billion per year.

America’s Health Insurance Grinches

December 29, 2024 Lynn Parramore, Institute for New Economic Thinking. Educate! Greed, Health Care, Health Insurance, Profiteers

In the past two weeks, one thing has become crystal clear in America: the public outrage after the assassination of UnitedHealthcare CEO Brian Thompson exposed a seething fury over the health insurance racket. No amount of media finger-wagging at public perversity or partisan attempts to frame Luigi Mangione’s act as a statement from the left or right can hide the reality: the people, from all sides, are livid about the healthcare system—and with good reason. In the 21st century, Americans have expressed their view that healthcare is deteriorating, not advancing.

Behind UnitedHealthcare’s CEO Is A Larger System Of Corporate Rule

December 13, 2024 Derek Seidman, Truthout. Educate!, Strategize! Corporatism, health, Health Insurance, Profiteers, United Healthcare

The killing of UnitedHealthcare’s Brian Thompson — a brazen assassination of a wealthy CEO in the streets of midtown Manhattan — shocked the United States. But the tsunami of mass anger unleashed against a hated for-profit health care system has so far defined the story in the news. The killing sparked a deluge of personal testimonies of horrifying experiences with health insurance corporations. Dark humor around the shooting continues to flood social media. Millions of people in the U.S. viscerally hate health insurance corporations, and see these companies and their CEOs as symbols of the worst kind of corporate greed.

How Health Insurance Became A Boon For Business

December 9, 2024 Juan Cruz Ferre, Left Voice. Educate! Class Struggle, Health Care, Health Insurance, Profiteers

UnitedHealth CEO Brian Thompson was killed in a targeted shooting outside a Hilton hotel in Midtown Manhattan on December 4, 2024, when he was about to speak at an investor conference. While mourning and preoccupation spread among economic and political elites, a mix of celebration and snark dominated social media commentary. There has been an outpouring of empathy for the perpetrator, shirts with the murder scene printed on it, and even a UnitedHealth CEO shooter look-alike contest in Washington Square Park.

We Need A Care System That Treats Patients With Dignity

November 27, 2024 Connie Choi, Inequality.org. Educate! health, Health Care, Hospitals, Profiteers

Earlier this year, I lost my dad to complications from diabetes. He was first admitted to the hospital two days before Thanksgiving of last year. Over the course of the next nine months, he suffered through 15 surgeries and 14 hospital stays. In between those stays, he was shuffled between skilled nursing facilities, assisted living facilities, and board and care homes. While watching my dad’s decline in health, I learned the differences of what those terms meant in real-time as my family and I tried to navigate a complicated, and oftentimes unforgiving, health care system. All in all, he went to four separate hospitals and six outpatient facilities to receive his so-called “care.”

In Vermont, Where Almost Everyone Has Insurance, Many Can’t Get Care

November 8, 2024 Phil Galewitz, MedPage Today. Educate! Health Care, Health Insurance, Profiteers, Vermont

On a warm autumn morning, Roger Brown walked through a grove of towering trees whose sap fuels his maple syrup business. He was checking for damage after recent flooding. But these days, his workers' health worries him more than his trees'. The cost of Slopeside Syrup's employee health insurance premiums spiked 24% this year. Next year it will rise 14%. The jumps mean less money to pay workers, and expensive insurance coverage that doesn't ensure employees can get care, Brown said. "Vermont is seen as the most progressive state, so how is healthcare here so screwed up?"

Inside The Company Helping America’s Biggest Health Insurers Deny Coverage

October 24, 2024 T. Christian Miller, Patrick Rucker and David Armstrong, ProPublica. Educate! health, Health Care, Health Insurance, Profiteers

Every day, patients across America crack open envelopes with bad news. Yet another health insurer has decided not to pay for a treatment that their doctor has recommended. Sometimes it’s a no for an MRI for a high school wrestler with a strained back. Sometimes for a cancer procedure that will help a grandmother with a throat tumor. Sometimes for a heart scan for a truck driver feeling short of breath. But the insurance companies don’t always make these decisions. Instead, they often outsource medical reviews to a largely hidden industry that makes money by turning down doctors’ requests for payments, known as prior authorizations. Call it the denials for dollars business.

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