Here's the problem: Your health insurance company is no longer just your health insurance company. UnitedHealth Group, for example, is the nation's:
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Largest commercial insurer
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Largest enroller of Medicare Advantage beneficiaries
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Largest physician employer
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Third-largest Pharmacy Benefit Manager
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Fourth-largest pharmacy operator (mail order and specialty)
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The second-largest provider of health savings accounts through its bank
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The largest processor of medical and pharmacy claims through its clearinghouse
In the New Deal Era, our country recognized that consolidation in the banking sector had led to the Great Depression, and took steps to break up big banks. They passed Glass-Steagall, a reform that structurally separated commercial and investment banks given the systemic risks of common ownership.
We need a Glass-Steagall-style reform for health care, to eliminate the structural conflicts of interest that drive up costs and lower quality of care!
Sign on to our demand to Break Up Big Medicine!
Thank you!
Mike Phelan
Progress America
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