Film, Panel Discussion Highlight Problems In Health Insurance Industry
The film, "Midas," by
The film received an overwhelmingly positive reaction from the audience before the film's creator, healthcare advocates, and elected officials participated in a panel discussion about the general state of healthcare in
He said he began to question his participation in the insurance industry after visiting a free clinic in rural
"People die every single day because of the actions of these [insurance] companies," Potter said. "And the reason they do this, folks, is to enhance shareholder value, to make
Potter pointed to the shift of several major insurers over the years toward pharmacy profits as an example. He said the insurance companies have purchased pharmacy benefit manager (PBM) companies to expand their revenues. According to Potter, Cigna,
"They continue to deny coverage for medically necessary care," he said. "And there are many statistics that show when a denial is appealed, there's a great chance it will be overturned, which shows you medically necessary care is being denied by these companies."
Dr.
"If you have Medicare Advantage, you are less likely to get intensive home care. If you have Medicare Advantage, you will have worse functional outcomes. This is from the
Anwar noted half the population on Medicare has been moved to Medicare Advantage, including state employee retirees who have no choice other than Medicare Advantage for their health insurance.
In her experience, she said the insurance companies were only interested in the volume of patients her hospital could provide. Smaller, faith-based and mission-driven health organizations couldn't survive on insurance payouts, leading to a massive wave of consolidation in the healthcare industry.
"There's all kinds of gaming that's happening and it's really hard to know exactly who is watching the hen house, so to speak," she said. "Who is running healthcare? Who gets to decide who lives? It's not even organized chaos, right? It's fragmented dysfunction. As insurance companies buy providers, they buy home health agencies, they buy hospitals, the insurance company is becoming both the payer and the provider."
She said her office has helped over 4,000 residents this year, saving them more than
"Depending on the study, only three to 10% of people who are denied services actually appeal the claim," she said. "Most people walk away. They say, 'Oh, someone in authority said I don't deserve this test, I don't need this surgery.' And what ends up happening is that as people walk away, then the insurance companies are validated."
Insurers weren't included in Wednesday's discussion, but
"Health plans play a vital role in sustaining access, quality, and affordability across


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