Break Up Big Medicine!

Big Medicine has driven us to a breaking point. Doctors are pulled away from patient care –– sometimes from the literal operating table –– by UnitedHealth Group and other insurance conglomerates seeking new reasons to deny coverage. Patients with asthma and other chronic illnesses routinely leave the pharmacy counter empty-handed because middlemen play games with which prescription drugs they will cover and at what cost -– with sometimes fatal consequences. More than one third of Americans live in healthcare deserts, largely because insatiable insurer greed has driven independent medical practices and pharmacies out of business. Employers and unions are being crushed by ever-increasing premium costs, which further cut into workers’ wages. And all of us live in fear that one illness could destroy our physical and financial health.

If you’re a patient, nurse, doctor, employer, pharmacist, or any American fed up with the current state of affairs, join a broad coalition demanding that politicians break up the power of Big Medicine now –– before it kills us.

How did we get here? Federal health policymakers have long touted corporate consolidation and privatization, which they promised would deliver better patient outcomes at lower costs.

Instead, the U.S. healthcare system today is at the mercy of corporate hospital systems, private equity investors, and vertically-integrated monopolies and middlemen, who wield their market power to gouge patients, workers, taxpayers, employers, independent pharmacists, and unions.

These conglomerates exploit conflicts of interest to break the law and steer patients to their own subsidiaries.

Big Medicine profits at the expense of patient outcomes, which continue to decline, and affordability, as healthcare spending approaches 20% of the GDP.

Big Medicine is too powerful―and it’s making us all sicker. It’s time to break up Big Medicine!

Here’s the problem: Your health insurance company is no longer just your health insurance company. UnitedHealth Group, for example, is the nation’s:

  • Largest commercial insurer

  • Largest enroller of Medicare Advantage beneficiaries

  • Largest physician employer

  • Third-largest Pharmacy Benefit Manager

  • Fourth-largest pharmacy operator (mail order and specialty)

  • The second-largest provider of health savings accounts through its bank

  • 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!