Regional news:
Why “rich” insurance professionals don’t want changes to health insurance delivery
This dunderhead editorial writer for the Kansas City Star espouses his position that a government-run health insurance plan is actually “competition” in the health insurance marketplace, and the only reason that insurance professionals and executives are opposed to it is because declining revenues will mean decreased compensation.
One Response to “Why “rich” insurance professionals don’t want changes to health insurance delivery”
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J. Eric Persun, LUTCF Says:
August 11th, 2009 at 5:38 pmYour intellectual dishonesty is showing again…
Profits at 10 of the country’s largest publicly traded health insurance companies in 2007 rose 428 percent from 2000 to 2007, from $2.4 billion to $12.9 billion, according to U.S. Securities and Exchange Commission filings.
In 2007 alone the chief executive officers at these companies collected combined total compensation of $118.6 million—an average of $11.9 million each. That is 468 times more than the $25,434 an average American worker made that year.
The Health insurance industry is throwing millions of dollars a day at lobbying to maintain the status quo. It doesn’t take a genius to figure out that it’s not for our benefit. It’s for their own benefit.
