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Next Occupy — Wall Street-Run Health Companies (Huffington Post)

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The Occupy Wall Street events taking place around the country show no signs of abating any time soon — and now protesters may be looking toward the health insurance industry as their next target. 

Ethan Rome, Executive Director of Health Care for America Now makes the case for this in his recent Huffington Post column, where he applauds Wendell Potter’s suggestion that protesters move to target the Washington D.C. offices of the insurance industry’s lobbying arm.

What’s the rationale for this? Rome lists a slew of offenses, all meant to support what he terms “health insurance companies’ relentless pursuit of profit and callous disregard for people.” These include excessive profits (which have increased 80 percent since 2008), cash hoarding (more than six times the amount required by state regulators to pay for unexpected claims), and C-level excutive compensation (in 2009, the chief executives of the country’s 10 largest health insurance companies were paid $228 million). 

Read the story.