There's still a long way to go on fixing health care in this country

I suspect that just continuing to allow greedheads to run amok is not what most people support.

In what advocates call a “grotesque display of corporate profiteering,” the health insurance giant formerly known as Anthem reported making $2.3 billion in net profit off its policyholders over the past three months as analysts predict a dramatic spike in the cost of health insurance premiums in 2023.

Elevance Health, the largest for-profit company within the Blue Cross Blue Shield Association, surpassed Wall Street expectations on Wednesday and reported nearly $40 billion in revenue during the third quarter of 2022. Returns to shareholders increased by 7 percent, generating $1.6 billion in profits for investors. Elevance provides health coverage for 118 million people across multiple states.

Elevance claims its profits are the result of offering more service to more customers. However, health care activists who help patients fight for coverage from their insurance providers say a chunk of this profit undoubtably comes from denying insurance claims from sick people who cannot afford proper care otherwise. Denying claims, they say, is a “regular business practice” for squeezing out extra profits. Insurers know the vast majority of patients do not exercise their right to appeal when claims are denied and are often unsure how to do so. - Truthout