Or at least the death of those among us who cannot afford private insurance.
If you still think the current status of health care in America is A-OK, maybe the story below will be a wake-up call for you. You see, there are plenty of people in this country who care about nothing other than making money off of other people’s misfortune or ill health, and it’s time we stopped pretending otherwise:
Yesterday, the Senate Finance Committee voted down both the Rockefeller and Schumer amendments, which would have added a public insurance plan to the committee’s bill. As the Wall Street Journal reports, shares in health insurers Humana and UnitedHealth shot up following the votes:
Shares of companies that operate private health plans turned higher or trimmed losses in afternoon trading Tuesday after a Senate committee rejected an amendment that would have created a government-run insurance option. Humana Inc. (HUM) shares, which had been down earlier, were recently up 1% at $38.41. UnitedHealth Group Inc. (UNH) shares gained 3 cents to $25.83.
Private health insurers have bitterly fought the creation of a public insurance option, fearing that such an option would cut into their profits. Yesterday, Life And Health Insurance News reported that the insurance industry has responded positively to the defeat of the public option amendments. “We are pleased by the rejection of both the Rockefeller and Schumer amendments,” said Tom Currey, president of the National Association of Insurance and Financial Advisors. Janet Trautwein, president of the National Association of Health Underwriters, also told the press that her organization is pleased by the failure of the Schumer and Rockefeller amendments.
Read the rest of the story over at ThinkProgress.