Some raw numbers for publicly traded greedy insurance co's & their greedy CEOs

[TheWebHead]

I think given the bill we have without a public option, it's fair to put these numbers out there for the publicly traded health insurers that provide transparent financial data.

Wellpoint
Angela F. Braly 2008 compensation: $1,210,000
2008 revenue $61,251,100,000
2008 after tax profits $2,490,700,000
Wellpoint's 2008 after tax margin is 4.07%, CEO compensation is 0.00019% of revenues

Unitedhealth Group
Stephen J. Hemsley 2008 compensation: $ 3,120,000
2008 revenue $81,186,000,000
2008 after tax profits $2,977,000,000
Unitedhealth Group's 2008 after tax margin is 3.67%, CEO compensation is 0.00038% of revenues

Cigna
H. Edward Hanway 2008 compensation: $7,790,000
2008 revenue $19,101,000,000
2008 after tax profits $288,000,000
Cigna's 2008 after tax margin is 1.5%, CEO compensation is 0.004% of revenues

Humana
Michael B. McCallister 2008 compensation: $1,020,000
2008 revenue $28,946,372,000
2008 after tax profits $647,154,000
Humana's 2008 after tax margin is 2.2%, CEO compensation is 0.00035% of revenues

[NJmaverick]

1. For greedy companies they are doing a terrible job

looks like they average only 3% after tax margins, that's not exactly the sort of return the greedy enjoy.

[luckyleftyme2]

2. thank you

Date: Thu, 24 Dec 2009
From: President Barack Obama
Subject: A historic moment

Friend --

Although it's Christmas Eve, I wanted to share some exciting news: The Senate just passed a historic health reform bill.

In all the back and forth, it's easy to lose sight of what this incredible breakthrough really means. But consider this: This Christmas, there are millions of Americans without health insurance who risk losing everything if they get sick.

There are mothers and fathers who wonder how they'll provide for their children because an illness has wiped out their savings. There are small business owners who worry that they'll have to lay off a long-time employee because the cost of insurance is rapidly rising.

If we finish the job, all this can change. We will have beaten back the special interests who have for so long perpetuated the status quo. We will have enacted the most important piece of social policy since the Social Security Act in the 1930s, and the most important health reform since Medicare in the 1960s.

In Decembers to come, millions more will have access to affordable coverage. Parents will have the security and stability of knowing their insurance can't be revoked at a moment's notice. And the skyrocketing costs plaguing our small businesses will be brought under control.

When you make calls, write letters, organize, this is the change you're making -- a better life for your family and for men and women in every state.

There is still more to do before I can sign reform into law -- a last round of negotiations and final votes in the Senate and the House -- and I'm counting on your help every step of the way. But for now, I hope that as you celebrate this holiday season, you remember that the work you are doing is making our union more perfect, one step at a time. For that, I am grateful to you.

Merry Christmas and happy holidays,

President Barack Obama

[Donnachaidh]

5. spokem like a true shill n/t

[NJmaverick]

6. .

[TheWebHead]

7. you got it

though I have to admit to being stunned I'm not seeing <0 next to the topic given the other threads @ DU. I'd love to hear some of those figures uttered by some of the leading progressives on TV/radio who have been non stop in recent days and weeks bashing the president and congress in favor of a government run health insurer, presumably hiring union employees with generous pensions while not having to report earnings every 90 days to shareholders with much less patience for the guy on top than voters, all while trying to provide much lower costs and keep those 3% earning greedy insurance companies "honest".

[NJmaverick]

8. You tricked them with you use of the term greedy

they read headlines and click rec or unrec. None of them took the time to read and more importantly THINK.


The fact of the matter is there is all ready not for profit insurance entities that will fill the PO role. Having been in government I know that they are not always more efficient that private entities. On top of that I could see many doctors and hospitals refusing to take the public option insurance.

[eridani]

9. The entire developed world has government run insurance at half our costs

Either the government owns the whole shebang (Britain), or just pays the bills (Canada), or dictates prices to private insurers like our public utility commissions do (Netherlands).

Shareholders in health insurance companies should be put up against a wall and shot. Insurance companies add no value whatsoever other than claims processing.

[JuniperLea]

3. Blood money...

I wouldn't want to have their Karma.

[Schema Thing]

4. so the woman makes half as much as the lowest paid man

as a percentage of revenues. Poor woman.


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