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wendellpotter's profile
Wendell Potter
Wendell Potter
Wendell Potter
Verified account
@wendellpotter

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Wendell PotterVerified account

@wendellpotter

Former VP, @cigna. Whistleblower and reformed insurance propagandist. President, @M4A_NOW, @BusinessM4A. Media inquiries: andrew@feldmanstrategies.com.

Philadelphia, PA
wendellpotter.com
Joined October 2008

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    Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

    BREAKING: As a former corporate exec who worked with McKinsey, I may be able to shed light on one of @petebuttigieg’s unnamed McKinsey clients, and why it’s very significant in this campaign. (Note: I have not endorsed anyone in this race, nor do I intend to) 1/13

    7:06 AM - 9 Dec 2019
    • 9,321 Retweets
    • 20,710 Likes
    • leaner meaner Amina Michael LeClerc Hates Snow still havent voted in the primary🏴 𝖢𝗈𝗆𝗆𝗎𝗇𝗂𝗌𝗍𝗌 𝖣𝗂𝗌𝗍𝗋𝗂𝖻𝗎𝗍𝖾 𝖠𝗌𝗌 Jake Brymm ☭ Voting Green in a Red State🌹🌻 🍀 Duncan McRae Pandemic at the Disco Dancing like Hellboi. 😈 SorryBernieGoingGreen/NeverBiden
    616 replies 9,321 retweets 20,710 likes
      1. New conversation
      2. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        When I was a health insurance exec, my CFO had McKinsey on retainer. Every year or so, especially when one division or another wasn't making enough profit, McKinsey would be brought in to "assess" current operations. (2/13)

        19 replies 527 retweets 3,243 likes
        Show this thread
      3. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Those of us who knew about McKinsey’s involvement at our insurance corporation knew it would lead to “cost cutting.” That’s consultant talk for laying off workers, offshoring, and hiking rates. The McKinsey efforts would have code names because it had to be kept secret. (3/13)

        23 replies 643 retweets 3,630 likes
        Show this thread
      4. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Now what does this have to do with @petebuttigieg? In his description of his McKinsey work, he says he worked in Michigan at a “health insurance provider... performing analytical work... identifying savings in administration and overhead costs.” 4/13https://medium.com/the-moment-by-pete-for-america/my-time-at-mckinsey-466f058e9401 …

        14 replies 875 retweets 3,823 likes
        Show this thread
      5. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        To an old health insurance exec, those are code words that translate roughly to cutting costs through layoffs, restructuring, and potentially denying health coverage to those in need. 5/13

        20 replies 1,024 retweets 5,929 likes
        Show this thread
      6. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Important: You’ll notice @petebuttigieg describes his McKinsey insurance client as “a nonprofit” insurer. So that means it was a different kind of company, right? No. “Nonprofit” insurers behave just like “for-profits.” In fact, you might not be able to tell them apart (6/13)

        23 replies 734 retweets 4,565 likes
        Show this thread
      7. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Blue Cross Blue Shield of Michigan is a “non-profit” health insurer, that fits the description of the @petebuttigieg client. Its financials in 2007 were not great, which is when execs call in firms like McKinsey to come up with tactics to right the ship. 7/13

        20 replies 653 retweets 3,994 likes
        Show this thread
      8. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Based on this article below, BCBS laid off hundreds of people and increased premiums dramatically not long after. Those premium increases likely led to a lot of people losing their insurance. (8/13)https://www.crainsdetroit.com/article/20090118/SUB01/901190322/blue-cross-seeks-double-digit-rate-hikes-layoffs …

        37 replies 829 retweets 4,368 likes
        Show this thread
      9. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        If indeed the @petebuttigieg client was Blue Cross, this report by the Attorney General of Michigan in 2007 has a lot to offer. The title: “Profits over People: The Drive to Privatize and Destroy the Social Mission of Blue Cross and Blue Shield” (9/13) https://www.michigan.gov/documents/ag/Blue_Cross_11.29.07_217273_7.pdf …

        28 replies 1,317 retweets 5,187 likes
        Show this thread
      10. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        If it wasn’t Blue Cross, it would have to be another big insurer to be able to afford McKinsey. They don’t come cheap. As I recall, my company paid them a monthly retainer of $50K. And paid more for big special projects with code names. (10/13)

        16 replies 512 retweets 3,556 likes
        Show this thread
      11. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Why is this relevant to 2020? I’ll leave analysis of @petebuttigieg’s transparency, or his potential role in rate hikes and layoffs, to political experts. What I can speak to is how this experience might lead him to defend and protect health insurance companies now. (11/13)

        23 replies 874 retweets 4,637 likes
        Show this thread
      12. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        Pete is fighting to preserve the role & profits of health insurance companies, spending huge sums on ads slamming plans to rein them in. I'll be watching to see if my former insurance colleagues send him big campaign checks. He’s probably one of their favorite candidates (12/13)

        31 replies 1,657 retweets 6,363 likes
        Show this thread
      13. Wendell Potter‏Verified account @wendellpotter 9 Dec 2019

        As I know firsthand, insurers intentionally deny coverage to Americans, to hoard their profits. The result is people dying and millions in medical bankruptcy. Pete’s plan protects and preserves this very system. Now we may know why. (13/13)

        228 replies 2,302 retweets 9,311 likes
        Show this thread
      14. End of conversation

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