Saturday, February 12, 2011

15 Executives Who Get Paid Millions To Deny You Health Care Coverage | Wall St. Cheat Sheet

15 Executives Who Get Paid Millions To Deny You Health Care Coverage | Wall St. Cheat Sheet:
[If that link doesn't work, the article can be viewed at this url.]
This shows the exorbitant salaries insurance execs are getting. Even the so called non-profit HMO ones are at our health care trough way too big time. You can search and find examples in your area like this:
Michael Morrow, Blue Plus (subsidiary of Blue Cross/Blue Shield of MN): $1,800,962
Mary Brainerd, HealthPartners: $1,583 ,080
David Tilford, Medica: $1,198,541
Nancy Feldman, U Care: $658,027
Then look at how administrative costs/salaries at hospitals and clinics have skyrocketed. That cost of health care has risen much, much faster than the pay of doctors and other providers. Salary at even small non-profit hospitals often exceeds half a million. These high exec. salaries seem driven by the corporate culture in the country which says you have to pay them like pro-athletes and movie stars in order to make money for the company. Reform of CEO pay levels is right up there with the need to reform campaign contribution laws.

No comments: