Jessica Corbett is a senior editor and staff writer for Common Dreams.
As insurance companies' stock fell 6-12% on Tuesday in response to the Biden administration's Medicare Advantage announcement, one healthcare campaigner celebrated that the U.S. government didn't cave to the 'greedy' industry's pressure. 'The private insurance industry is used to getting its way, but this year we out-organized them,' declared Aija Nemer-Aanerud, the People's Action Health Care for All campaign director.
' 'We commend the Biden administration for listening to our people and refusing to cave to the insurance lobby's demands,' the campaigner added. 'We urge President Biden to do more to rein in abuse of the Medicare program by private corporations and reinvest public funds into expanding and strengthening traditional Medicare.
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