Skip to content

Profiteers

The Threat Of Big Insurance

Earlier this month, the California-based organization Consumer Watchdog uncovered an incredible scandal involving rideshare company Uber, which we covered on the most recent episode of my podcast Organized Money. The company pleaded to the California legislature last year that its insurance costs had spiked so much that the state needed to decrease required payouts on its mandated uninsured motorist coverage. “They literally said 45 cents out of every dollar is going to insurance,” Jamie Court, president of Consumer Watchdog, told me.

Like Midas, Our Rulers Want To Monetise Everything They Touch

I am old enough to remember the fall of the Berlin Wall, and the wave of excitement it unleashed. With the Soviet Union consigned to the history books, the world was going to become a better, safer place. Liberals crowed that the West’s superior, democratic values had won out. Intellectuals like Francis Fukuyama wrote about the “end of history”: the triumph of free-market capitalism and a resolution of ideological struggle. Nearly half a century on, the celebratory mood of that time looks not just misplaced but positively deluded.

‘Health Care, Not Wealth Care’: Michigan Nurses Continue Strike

Grand Blanc, Mich.igan—Anyone driving down Holly Rd. would be hard-pressed to miss the entrance to the newly acquired Henry Ford Hospital. In the eight months since Labor Day, local nurses have picketed outside with signs that read, “patient care over profits” and “it’s health care, not wealth care.”  This area is no stranger to collective bargaining; Detroit, the birthplace of the United Auto Workers (UAW), is a mere hour’s drive from where these nurses are carrying out one of the longest strikes in Michigan history. Organizers for Local 332 proudly channel that history as they stand against the second-largest health system in Michigan. 

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

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

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

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

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

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

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

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

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

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

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

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

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.
assetto corsa mods

Urgent End Of Year Fundraising Campaign

Online donations are back! Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Urgent End Of Year Fundraising Campaign

Online donations are back! 

Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Sign Up To Our Daily Digest

Independent media outlets are being suppressed and dropped by corporations like Google, Facebook and Twitter. Sign up for our daily email digest before it’s too late so you don’t miss the latest movement news.