For people who intend to purchase health insurance, they usually refer to the big giants in the industry because these giants are long established in the market and they are more reliable in the public point of view. In common, beneficiaries will be more confident with insurance providers who have a large number of clients.
Let's see the following to have a better understanding about those best providers in United States. We take a look at Wellpoint the second largest health insurance company in the Unites States. It generates total revenue of USD 56 billion a year. It is an independent licensee of the Blue Cross and Blue Shield Association.
Wellpoint's CEO Angela Braly total Compensation: $9,844,212 Details: Braly, earned more money in 2008 ($9,844,212) than in 2007 (9,094,271), increasing her option rewards by nearly $1.5 million, and also receiving a $200,000-plus bump in base salary, from $922,269 to $1,135,538. Braly's stock awards dropped from $2,160,159 to $1,750,015 because, according to the SEC, "performance-based restricted stock units awarded in 2008 were cancelled because our ROE target for 2008 was not met." Braly's "other compensation" comprised use of a private jet for her and her family on business trips, just under $10,000 for legal services relating to her employment agreement and cash credits. Who pays this money to her? The premiums paid by the average American, small business and individual entrepreneurs.
Here's another. Aetna Insurance's CEO Ron Williams. Aetna total Compensation: Williams earned $24,300,112 in total compensation for 2008, with more than half of that ($13,537,365) coming from option awards. ( That's "MILLIONS" ) He also received an additional $6,456,630 in stock awards to go along with his base salary of $1,091,764. Personal use of a corporate aircraft and vehicle, as well as financial planning and 401(k) company matches added up to $101,487 for Williams. Where did all the money come from? The premiums paid by the average American, small business and individual entrepreneurs. I think I already said this didn't I?
And here's a third one. The Cigna Corporation. Cigna Corporation is an insurance company based in Philadelphia and it generates overall revenue of $17 billion a year. It is famous for its wide range of plans, such as health care, dental, visual, pharmacy, behavioral health, disability care, etc. Now to CEO Cigna Chairman and CEO H. Edward Hanway. He received total compensation of $12.2 million in 2008, despite what is believed to be the Company’s poor performance both in absolute terms and relative to peers. Two of the directors on the People Resources Committee are CEOs at other public companies.
Here is a current report from the The Robert Wood Johnson survey. The survey found that:
"51.9% of people are worried that they will not be able to pay for their future health care needs in the event of a serious illness.
"47.1% are worried that they will not be able to afford all of the routine health care services they need.
"29.6% report being worried that they will go bankrupt from not being able to pay their medical bills."
Did you happen to see that little word in there? In case you missed it, the word was "BANKRUPT". Do you think the above three CEO's will go bankrupt? Do you think they will not be able to afford their insurance premiums no matter how much they increase?
The current health plan trying to pass through Congress by President Obama is not acceptable by the following. Republicans, some Democrats, Health Insurance Companies, major and foreign pharmaceuticals and many more far right freaks. They want the system to stay as it is so stockholders, the elite corporate directors so can keep receiving their extreme compensation packages, their percs, extra compensation, golden parachutes, stock options all at the expense of the policy holders and constantly increasing premiums. If this plan "included" a "public option", then that would be a horse of a different color. This what the American public want. A choice they could afford. The media is not telling the American public this. The world is watching with baited breath as this play unfolds. Most countries are astonished at the American attitude and the ignorance of some not to see the benefit for all Americans if passed. What a shame.
Oh, before I forget, this little item from Sarah Palin. The Libertarians will just love this.
Date March 8, 2010. Political websites and cable news buzzed Monday with word that the family of Sarah Palin, former Republican vice-presidential candidate and darling of the conservative Tea Party protest movement, used to travel from Skagway, Alaska, to Whitehorse, Yukon, Canada to receive health care, when she was growing up. I quote Ms. Palin. “Believe it or not – this was in the '60s – we used to hustle on over the border for health care that we would receive in Whitehorse,” the Calgary Herald quoted her as saying at a public-speaking event in Calgary on the weekend.
Palin: “I remember my brother, he burned his ankle in some little kid accident thing and my parents had to put him on a train and rush him over to Whitehorse and I think, isn't that kind of ironic now. Zooming over the border, getting health care from Canada.”
"Aha", crowed Sam Stein, on the liberal Huffington Post website. "Palin now views Canada's health-care system as revolting, with its government-run administration and ‘death-panel'-like rationing,” he blogged Monday. “Clearly, however, she and her family once found it more alluring than, at the very least, the coverage available in rural Alaska.”
My comment. "Aw shucks, Sarah, what do you think neighbours are for."
Your comments ( if you so desire. )