To The Daily Sun,
I believe Mr. Barry Dame hit the nail on the head with his letter, "The elephants in the health care room are the insurance companies." I do not follow the letters of the gentleman that he was responding to, so I am not clear who exactly the "enemy" is that he is referring to. However, his statement, "Seems to me we have a health care system for insurance companies, not people," couldn't be truer.
In 2015 Aetna CEO was reported to have been paid, compensated and awarded around $15 million; Anthem CEO, not nearly as much, only $13.5 million, Cigna CEO, $14.5 million, Humana CEO, $10.1 million, UnitedHealth Group CEO, a mere $14.9 million.
I must admit, this is an improvement and I am not sure how they survive considering the dramatic pay cut they receive compared to their predecessors. In 2008 Cigna's CEO had a five-year compensation package of $120.51 million. Oh wait, you ready for this one, 2009 United Health CEO (who, by the way, is still there today) exercised some of his $744,232,068 in stock options and in his UnitedHealth stocks brought in a measly $121,001,281, never mind the well over $10 million regular compensation package.
This is the compensation of only the CEOs. Imagine what the individuals that are working directly under them are being paid and under them and under them ... and so on and so on. I at least hope these people are paying federal taxes on these, at least some of the money maybe going back into our system for Medicare and Medicaid. Oh, but wait, some of these are/were considered nonprofit.
Being up in arms about this makes me a socialist, right? Or maybe because I believe that there has to be another option, even a government offered package where salaries are reasonable, profits go back into the healthcare system (a true non-profit), I am a communist? I would much rather be considered a realist.
- Category: Letters
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