Why Single Payer, Part 2: A big slice of the healthcare pie - Insurance and Pharmaceutical Companies
From: Miles Eddy
Series: Why Single Payer Healthcare Series One
Length: 04:44
Historically, people have received health insurance through employee benefits. But as the cost of insurance continues to grow, businesses are dropping this benefit in order to remain completive in a world market. Additionally, hospitals and clinics rely on patients with health insurance to offset their cost from other loses. In part two of this six part series, we continue the conversation with Dr. Rocky White, who spoke with business owners at the Alamosa, Colorado, Rotary Club; Russ Johnson, CEO of the Alamosa Hospital; and Dr. Beth Kinney, an Emergency Room doctor.
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Piece Description
Historically, people have received health insurance through employee benefits. But as the cost of insurance continues to grow, businesses are dropping this benefit in order to remain completive in a world market. Additionally, hospitals and clinics rely on patients with health insurance to offset their cost from other loses. In part two of this six part series, we continue the conversation with Dr. Rocky White, who spoke with business owners at the Alamosa, Colorado, Rotary Club; Russ Johnson, CEO of the Alamosa Hospital; and Dr. Beth Kinney, an Emergency Room doctor.
Broadcast History
Aired Jan. 10th, 2006 on KRZA Alamosa, Colorado
Transcript
TRANSCRIPT
MILES
Historically, people have received health insurance through employee benefits. But as the cost of insurance continues to grow, businesses are dropping this benefit in order to remain completive in a world market. Additionally, hospitals and clinics rely on patients with health insurance to offset their cost from other loses. I'm Miles Eddy, we continue our conversation with Dr. Rocky White, who spoke with business owners at the Alamosa Rotary Club, Russ Johnson, CEO of the Alamosa Hospital, and Dr. Beth Kinney, an Emergency Room doctor.
Dr. White.
DR WHITE
It takes anywhere between 12% and 15% overhead to run an insurance company. That's a not-for-profit insurance company. If you take an organization like Signa, or Anthem Blue Cross, or United Healthcare, who's paying CEO salaries of sever or eight million dollars a years with 20 and 30 and 40 millions do...
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