U.S. Health System Fails Cancer Patients, But Wildly Successful for Investors
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 29 May 2024
⏱️ 32 minutes
🧾️ Download transcript
Summary
On today's episode Brian and Prof. Richard Wolff discuss skyrocketing costs for cancer treatment in the United States, where 66.5% of all personal bankruptcies are already due to medical costs, but the six largest private health care insurers made $41 billion in profits in 2022.
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | Capitalists seek to squeeze profit out of everything and everyone they can, and those with cancer |
| 0:09.0 | are no exception. |
| 0:10.0 | Among the cruelest forms of exploitation can be found in the healthcare industry directed |
| 0:17.0 | at cancer patients who are being financially ruined after they become sick. |
| 0:23.1 | We need a new system. We need a new society. We need to demand that which may have |
| 0:29.0 | sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are very excited to have Professor Richard Wolfe join us again for our regular weekly segment, |
| 1:04.5 | where we talk about the biggest stories related to the economy, the state of the working class, |
| 1:09.3 | and the crimes of big business. |
| 1:12.6 | I'm your host, Brian Becker. |
| 1:16.4 | The Socialist Program brings you content several days a week. |
| 1:22.7 | Thanks to the support of our patrons at patreon.com forward slash the socialist program. |
| 1:29.0 | We appreciate all of your support and encourage you if you're not yet to become a patron today. |
| 1:33.4 | Richard Wolfe is the co-founder of the organization Democracy at Work. |
| 1:37.8 | He's the author of many books, the latest being The Sickness is the System, |
| 1:42.2 | when capitalism fails to save us from pandemics or itself. |
| 1:44.8 | Be sure to check out all of his work at rd-wulf. That's r dw o lff.com. Professor Wolfe, welcome back. Thank you very much, |
| 1:52.4 | Brian. Glad to be here. Richard, I wanted to talk about this issue of medical |
| 1:57.8 | bankruptcy, which impacts so many Americans, working class people, |
| 2:04.1 | including people who may have thought of themselves as middle class until the time they get |
| 2:10.1 | sick and then become bankrupted. I mean, a terrible indicator of what's wrong with U.S. |
| 2:16.6 | capitalism. But there was a story that caught my eye. |
| 2:20.2 | It was in the Wall Street Journal. Headline, Cancer is capsizing Americans' finances. |
... |
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