Private insurers are afraid of Medicare for all. They should be excited.

Fortune

5 June 2019 - Since presidential candidate and U.S. Senator Bernie Sanders announced his “Medicare for All” plan in early April, the health insurance industry has uniformly opposed the policy. 

David Wichmann, CEO of UnitedHealth Group—which covers almost as many people as Medicare itself—remarked that Medicare for All would “surely jeopardise the relationship people have with their doctors, destabilise the nation’s health system, and limit the ability of clinicians to practice medicine at their best.”

Strong words from the CEO of the largest health care company in the world, which made $17 billion in profits in 2018. After the Washington Post published a story about UnitedHealth’s efforts to fight Medicare for All, Sanders wrote on Twitter, “When we are in the White House your greed is going to end.”

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Michael Wonder

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Michael Wonder