How does this quote apply to corporate health insurance providers?

Posted by admin

“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.”

The report shows that the top-five managed care executives received the following compensation in 2000, exclusive of unexercised stock options:

William McGuire (CEO of UnitedHealth Group): $54.1 million
Wilson Taylor (Retired Chairman, CIGNA): $24.7 million
Ronald Williams (Executive Vice President, WellPoint): $13.2 million
William Donaldson (Chairman, Aetna): $12.7 million
Leonard Schaeffer (Chairman and CEO, WellPoint): $11.1 million

According to the Families USA report, the five executives with the highest amount of unexercised stock options at the end of 2000 were:

William McGuire (CEO, UnitedHealth Group): $357.9 million
Stephen Hemsley (President and COO, UnitedHealth Group): $144.9 million
Norman Payson (Chairman and CEO, Oxford Health Plans): $115.4 million
Wilson Taylor (Retired Chairman, CIGNA): $66.1 million
Leonard Schaeffer (Chairman and CEO, WellPoint): $64.6 million

"The managed care industry is increasing premiums at 10, 12, 15 and even higher percentages per year and is lavishing large compensation packages on its top executives

http://www.azinjurycenter.com/CM/Custom/TOCTheTruthAbout.asp

Posted in: Health Insurance Providers Comments(2) April 2010


2 Responses to “How does this quote apply to corporate health insurance providers?”

  1. garyb1616 Says:
    April 9th, 2010 at 11:57 pm

    wow… looks like someones been on Moveon.org or the Daily Kos today….

    Funny Bedtime posts the typical liberal drum roll of salries…but probably supports the Liberal Millionaires Fannie Mae. Fannie Mac and George Soro’s created on the backs of the people they (liberals) say the support
    References :

  2. wyldfyr Says:
    April 10th, 2010 at 12:32 am

    Obviously yes. That’s a great quote. Who said it?
    References :

Leave a Reply