WellPoint Failed To Deliver Tens Of Millions Of Dollars It Promised To Help Uninsured Americans
OPS_admin | Mar 18, 2010 | Comments 0
Health insurance companies have always claimed that they support “affordable, high-quality health care for every American” and are supportive of health care reform efforts and not simply concerned with their profits. To try to project this image of compassion for the uninsured, WellPoint Inc. — which recently came under fire for planning double-digit rate hikes in at least eleven states — pledged three years ago to use its charitable foundation to spend $30 million to assist the uninsured receive care.
A new investigative report by the Los Angeles Times finds that WellPoint’s foundation has completely failed to meet its promise of spending $30 million to help the uninsured. Rather, the company spent $6.2 million — a paltry 11 percent of what the company promised:
WellPoint’s public records indicate that from 2007 to 2009 the foundation gave less than $6.2 million in grants targeted specifically at helping uninsured Americans get access to coverage and care — barely one-fifth of what was promised and just 11% of the charity’s total giving over the last three years.
Full Story: Think Progress » WellPoint Failed To Deliver Tens Of Millions Of Dollars It Promised To Help Uninsured Americans.
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