This article and video that follows is only about one of the CEO's of a Health Insurance Company.
Why is it that health insurance is soo expensive?
Well, one of the reasons is "The
GREED" at the top of these companies!
Sick for Profit: Stephen
Hemsley's Millions Come From Your Health
Meet Stephen Hemsley. He's the CEO of UnitedHealth. In 2007, he earned $13.2 million dollars. His unexercised stock options
total three-quarters of a billion dollars. That's right - billion.
Why do people feel that they are soooo important that they need/
should be paid such huge sums of money?
Here's a video, notice how much this guy has made
EVERY DAY this year,
every day this year, this guy has made
$819,363.10! (screenshot @ 2:32)
Fight back against health insurance
lies
Hope you also noticed the part where they say that $1.00 out of every $700 spent on health care premiums goes to pay him!
Of course, the insurance have to raise premiums and deny some people treatments in order to keep a person like him "happy".
Health Insurance Profits Soar as
Industry Mergers Create Near-Monopoly
Profits at 10 of the country’s largest publicly traded health insurance companies rose 428 percent from 2000 to 2007, while consumers paid
more for less coverage. One of the major reasons, according to a new study, is the growing lack of competition in the private health insurance
industry that has led to near monopoly conditions in many markets.
The report says such conditions warrant a Justice Department investigation
Health Insurance Industry Fudges Data To Downplay Its
Astronomical Profits
Within the context of companies’ revenues, insurers skim off 15-20 percent of premium dollars for administrative costs and
profits. In fact, an examination of insurers’ medical loss ratio — the fraction of revenue from a plan’s premiums that goes to pay for
medical services– suggests that within the last 10 years, insurers have been spending less on medical care and more on administrative
costs or profits:
THIS is a huge problem with our health care system that I think should be straightened out somehow.
[edit on 8/9/2009 by Keyhole]
