On the recordDecember 10, 2024
Across our land, there is outrage at private health insurance companies that are denying claims: denying claims for heart disease, denying claims for cancer, denying claims for diabetes. Mr. Speaker, the average cancer patient in America will lose their entire life savings in 2 years. Forty-two percent of Americans who have cancer lose their life savings in 2 years. Mr. Speaker, 18 percent of Americans have had their healthcare claims denied, over 3.4 million Americans. On a very small matter, I had my healthcare claim denied by UnitedHealthcare when I wanted to get a $100 nasal pump for allergies. Back it came: denied. I couldn't get that reversed. Imagine people with more serious problems. One of the people in my district, Sarah Broughton, died of a sinus infection because her health insurance companies denied her claims for basic healthcare. As Americans face denial after denial after denial, what is happening with these private insurance companies? Let me tell you: $1.4 trillion in revenue, $70 billion in profits for the top seven private insurance companies. They say, oh, it is only 5 percent profit, but it is $1.4 trillion sucked out of our economy while basic Americans are denied healthcare. What is this money going to? It is going to administrative costs. It is going to advertising. It is going to bloated executive pay salaries while we can't give people treatment for cancer, for diabetes, for basic health issues.…
Source
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