Golden Rule Insurance Company is a health insurance company based in Indianapolis, Indiana, U.S.A. It is a unit of UnitedHealth Group. It offers a type of health insurance known as a health savings account, and was closely involved in the political discussions that led to the enactment of legislation that offered tax incentives to consumers who set up health savings accounts. Its political action committee has raised substantial funds for Republican politicians who support health savings accounts. In the 1980s, the company sued the Educational Testing Service (ETS) and the Illinois Department of Insurance, claiming that the ETS examination for Illinois insurance agents discriminated against members of minority groups. The parties reached a settlement.[1]
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References
- Mother Jones magazine, January/February 1996 - MediKill, By Robert Dreyfuss and Peter H. Stone. News: Golden Rule Insurance has lavished campaign funds on Gingrich and the GOP in order to promote its medical savings account scheme--and destroy Medicare.
- People's Weekly World Newspaper, 06/17/04 12:14 Bush: ‘Pioneering’ and privatizing Medicare Mentions that UnitedHealth Group's CEO raised funds for the George W. Bush reelection campaign and that UnitedHealth acquired Golden Rule shortly before health savings account legislation was passed in the U.S. Congress.]
- The New York Times, April 14, 1996 G.O.P. Plan Would Profit Insurer With Ties to Party, by Robert Pear
- The New York Times, November 18, 1995 - Battle over the Budget - Medical Care; In G.O.P. Plan, Some See a Widening Gap Between Sick and Healthy
- Washington Post, Sunday, December 24, 1995, Page A01 - Favored Few Stand to Gain From Republican Tax Cuts, By Clay Chandler, Washington Post Staff Writer Discusses health savings accounts and Golden Rule's political contributions
