A front group for big dialysis firms threatens to pull out of California if Newsom signs a bill limiting their profits.
The worst maladies of the American healthcare system are related to corporate profits: The competition among insurance companies to avoid the sickest customers and extract the most money from the rest, and the rise of for-profit healthcare providers.
Column: How profiteering by the same dialysis firms trying to kill Proposition 8 almost destroyed Obamacare“I’m committed to protecting patients,” Assemblyman Jim Wood, D-Healdsburg, said in January when he introduced AB 290, “but I’m not interested in protecting dialysis companies from scamming the system for their own benefit.” Wood’s office says Newsom hasn’t signaled how he feels about the bill. He could sign or veto it at any moment.
The Legislative Counsel Bureau, which provides legal advice to Sacramento lawmakers, says it’s possible that patients might figure out who’s paying for their insurance, but As we have learned from bitter experience over the years, in California’s ballot initiative process, money talks.
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