Capital Extraction CEO Salaries

The current private-insurer-controlled healthcare system is one of capital extraction. The rising premiums and deductibles we pay finance political corruption to the demise of patient care.

This is why it has been a challenge to win healthcare-for-all even in a Democratic Party Supermajority state like California and why we must build increased grassroots power.

Instead of public financing of exorbitant CEO salaries, AB 1400 would help redirect this capital into local economy health infrastructure development and direct our monies towards patient-centric healthcare services, including multilingual and culturally-appropriate care in our communities.

In addition, (nationally) the current system drains $228-280 BILLION into wasteful, bureaucratic administrative costs to take away healthcare decisions from doctors, putting this power into the hands of private insurers. The multi-payer system is overly complex and wasteful by design.  It needs a complete overhaul if we are to win the healthcare that other modern countries provide with single-payer systems.

Today, patient care in the United States is one of capital extraction, not one that is centered on the well-being and health of people. It views disease and illness as a source of profits and for the most part, it opposes preventative care. Pharmaceutical unregulated price-gouging that also contributes to great financial stress for working-class families, and contributes to medical debt remaining one of the top reasons for personal bankruptcy.

This is why Progressive Asian Network for Action (PANA) supports the fight to win a single-payer, Medicare-for-All healthcare system and legislative reform such as AB 1400 in California. Of particular note, it is the first healthcare reform bill that acknowledges the need for linguistically and culturally appropriate healthcare.  Until the loopholes that give control over the government to the private corporate interests are closed, we will continue to have millions in the U.S. face unnecessary suffering both in terms of poor health outcomes and financial stress.

AB 1400 Benefits
Click HERE for an AB 1400 Fact Sheet PDF

Watch this video to learn more about AB 1400 from Carmen Comsti of the California Nurses Association and National Nurses United.  She is the writer of AB 1400 and serves as a commissioner on CA Governor Newsom’s Healthcare Commission:

Please send a letter to your CA Assemblymember to urge them to advance AB 1400, the CalCare Act, which would guarantee healthcare coverage for ALL Californians:  https://bit.ly/calcareletter2asm

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