[ [link removed] ]Katie Porter for Congress

Big insurance companies are ripping us all off.

This spring: During a congressional hearing, Katie asked experts about the
cost differences between private insurance companies and Medicare. They
told us that Medicare is a far more efficient steward of taxpayer dollars.
Private insurance companies spend 17% more on administrative costs than
Medicare does. That’s because private insurance companies spend money on
things like marketing, commercials, and stock buybacks.

This summer: The Justice Department found private insurance companies were
falsifying patient records to profit off of Medicare, which means they’re
essentially stealing taxpayer dollars.

Just recently: A new federal audit found that Big Insurance makes millions
each year by claiming Medicare Advantage patients are sicker than they
really are.

In 2021, our country’s largest insurer—UnitedHealth Group—made nearly 75%
of their money off of taxpayers. Meanwhile, they just reported they made
over $5 billion in profit just between July and September of this year.

Katie is pushing for stronger oversight of these taxpayer-backed plans so
we can finally hold these corporations accountable for their greed. Our
healthcare system should serve patients, not insurance companies profit
margins.

—Team Porter

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