Delist health insurance companies from stock exchanges

3

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The Issue

 

 

Every year, millions of Americans are denied life-saving care—not because it’s unavailable, but because a publicly traded insurance company deemed it “too expensive.”

 

These companies are legally obligated to maximize shareholder value, even if it means denying essential care, delaying treatment, or dropping coverage altogether. This is not a bug in the system—it is the system.

📉 The problem:

Insurance companies that are publicly traded they way they are structured now must answer to Wall Street. That means:

 • Denying claims increases profits

 • Cutting care boosts stock prices

 • Your health is less important than their next earnings report

This must stop.

 

 
 

🛑 We demand that the United States Congress:

 1. Pass legislation banning the public trading of health insurance companies

 2. Enforce the delisting of all for-profit health insurers from U.S. stock exchanges

 3. Delist them from the Stock Market or recharter them as public benefit corporations.  

🚨 No one should die for a dividend.

🖊️ Sign now. Share widely. Let’s take healthcare back from Wall Street.

 

✅ Petition Target:

 • U.S. Congress

 • SEC (Securities and Exchange Commission)

 • U.S. Department of Health and Human Services

📜 Q & A

Q: Why target publicly traded insurance companies?

They have a legal obligation to maximize shareholder value—which directly contradicts the ethical duty to provide care. The result: fewer approvals, higher premiums, and preventable deaths.

Q: What is FiniteSocial.com proposing?

1: A federal ban on public trading of health insurance companies
2: SEC reform to redefine insurance as a protected public service
3: Public pressure campaigns to expose and delist existing offenders
 
 Q: Isn’t this anti-business?

No. This is about protecting public health, not dismantling capitalism. Essential services like water, power, and police aren't traded on wall street, and for good reason. you can still have private providers and doctors, just without profit-driven middle men gatekeeping care. 

Q: Why do you want to delist health insurance companies?

Because public health insurance companies prioritize shareholder profits over patient care. being listed on stock exchanges means they're legally obligated to maximize profits-even if it comes to the cost of denying or delaying care. Delisting removes the pressure and shifts the focus back on people, not profits.

 Q: Won't delisting hurt innovation or competition?

No, Insurance is not a product like phones or cars that benefits from innovation in the same way. Delisting helps remove perverse incentives that punish the sick and reward denial of care. This is a myth in healthcare because it assumes transparency and free-market.. it is neither, consumers do not shop for emergencies, prices are hidden, provider networks are artificially restricted, denial rates aren't publicly compared. 

Q: How would health insurance companies operate if they're not publicly traded?

They would operate as non-profit mutuals, cooperatives,public utilities or public benefit corporations. Models already proven to work. These structures focus on serving members first, not investors,  while still financially sound and operationally efficient. 

Please Sign This petition so together we can raise awareness and work towards better care. 

The Decision Makers

Elson Semaj
Elson Semaj

Petition Updates