California Health Insurer Sued for Nearly $10 Billion in Fines

Why did we need health reform again? Oh right, because the insurance industry is little more than a money-grubbing bunch of fat cats who play dice games with our health and livelihood, and have no problem throwing us to the curb the second we come to collect the money we’ve paid into the system.

Take PacifiCare, a California insurance agency purchased by the nation’s largest health insurance provider UnitedHealth in 2006. In the two years after the purchase occurred, it is alleged that PacifiCare broke the law nearly one million times, according to the Department of Insurance. The trial is seeking $9.9 billion in damages, in what is believed to be the largest fine ever sought from a health insurance provider.

Of course, PacifiCare has denied it all, and is using their lawyers and their sizable fortune to tie the matter up in court. After all, UnitedHealth Group only made a measly $81 billion dollars in PROFIT last year. With so much money for their executives and stockholders, why should they have to take care of people’s health care costs? I mean, they are a business after all. Money is all that matters.

Here’s hoping Obama’s health reform package puts an end to this sort of flagrant corporate greed, and let’s remember come November all the Republicans who fought tooth and nail to protect these fat-cat scoundrels and their profit machines.

(From LA Times)

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