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by iancmceachern
1134 days ago
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Thank you for posting this. This is both staggering, and also highly informative. It's clear this is crushing the US middle and lower classes. I've seen a recent trend in churches, where they use their excess funds to buy people's medical debt out of collections and forgive it. It's the best thing I've heard in a long time. I also have been recently battling with Blue Shield of California (but they're all bad). They were denying me my medicine, in a similar way that Cigna was proven to deny claims by ProPublica recently. I also found out that a few years ago Blue Shield of California was stripped of its non profit tax benefits because it had billions in surplus that it was just sitting on, you know, making profit. Since then they seem to be spending money to out their names on things like opera houses in SF and advertising, but not putting it to work in the community to make real impact. I propose we create a movement that demands that insurance companies use their excess profit, etc. to buy people's medical debt and free them of it. How do we get this movement going? Blue Shield of California alone has hundreds of millions a year in surplus, that would buy out billions of dollars in medical debt for people and completely change many people's lives for the better. |
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Blue Shield of California had a net loss of almost a billion dollars in 2022[0]. Should they do the reverse in that case and put their excess loss by putting more people in medical debt?
[0]: https://www.blueshieldca.com/en/home/about-blue-shield/corpo...