Special Feature: Listen to Greg Palast's exclusive interview with health insurance company whistleblower Wendell Potter. Press play below to hear the clip.
Also, read Greg Palast's expert analysis,
The S-Word and Dr. Kevorkian's Accountant. â€¢
Former insurance executive Wendell Potter tells Greg Palast, in an exclusive interview for Truthout.org, that "the system's rigged" to kill off so-called "health cooperatives." Sen. Olympia Snowe of Maine cast the only Republican vote on the Senate Finance Committee for the Obama health care plan, but only on the condition that Democrats drop their demand for a "public option" insurer in favor of private doctor/hospital cooperatives.
Earlier today, Potter told Truthout.org that the senator's plan is "disingenuous or naive," because, in most states, "the system's rigged" to lock up all patients under one for-profit monopoly. While a publicly-funded insurer might succeed in forcing insurers to cut premium charges, Snowe's cooperatives "don't stand a snowball's chance" of competing against the for-profit monopolies.
Potter, once vice president of CIGNA, told Truthout.org that, "The insurance industry, if it were honest" would admit that it "loves" the Senate Finance Committee's version of the health care legislation as the bill provides nearly half a trillion dollars ($461 billion) in subsidy payments directly from the Treasury to the industry.