Prairie’s Reading: Wendell Potter on Medical Loss Ratios

Over at Huffington Post, Wendell Potter, former Cigna executive who is now doing heroic advocacy for healthcare reform, blogs about a healthcare amendment you need to know about. Senators Franken and Rockefeller are pushing to hold for-profit insurance companies to account by mandating they spend 90% of every premium dollar on medical care.

It’s called MLR — medical loss ratio.

An interesting twist of phrase. Actually providing the service for which people are paying their insurance companies is considered a "loss."

It should be Moral Leadership Return.

Insurance companies actually having ethics, moral responsibility, you know, all those old-fashioned values that the values crowd corrupts to line the pockets of Wall Street, buy the yachts and the Bentleys and Gulfstreams and the penthouse lofts and mcMansions.

Dancing around their 21st century version of the Golden Calf while turning a blind eye to the parable values of the Jewish guy with the loaves and fishes and healing touch.

crossposted at Prairie Sun Rising

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