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queentonic

(243 posts)
Fri Dec 30, 2016, 07:28 AM Dec 2016

Medicare Privatization

This is what you can expect if the Republicans privatize medicare.

"Reaping profits from the poor

The deal was controversial from the beginning. Trillium Community Health Plan, which provides taxpayer-funded health care to almost 100,000 low-income Lane County residents, was being sold by its owner, Agate Resources, to a Fortune 500 company for a large amount of money. Initial estimates of the price put it at $80 million to $130 million."

...

"When the sale to Centene was completed, 13 executives and board members of Agate Resources walked away with profits totalling more than $34 million. Another 77 local doctors, who typically invested $6,000 initially, walked away with payments of about $530,000 apiece."

<more>

http://registerguard.com/rg/opinion/34508372-78/reaping-profits-from-the-poor.html.csp

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