Protect insurance company profits

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"Kill all the rich people. Break up their cars and apartments. Bring the revolution home, kill your parents, that's where it's really at."

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

Who needs health insurance companies?

Nancy Pelosi...that's who....cant shake down what doesnt exist....she calls them villains...they fork over some dough...

http://www.huffingtonpost.com/2009/07/31/pelosi-will-keep-villains_n_248...

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

HILARIOUS! Especially once you consider that Ferrell made the Forbes 100Celeb list...number 18 at $40 million in income last year alone!

http://www.forbes.com/lists/2005/53/YYC3.html

I skimmed through the Forbes 400 and found that a lot of people are making a lot of money in this country--but apparently not on health insurance. I went through the list and see that many owners of media conglomerates (Murdoch) and some pharmacutical companies are represented here, as well as sports team owners (IE: entertainment corps), but only one insurance magnate, who ranks 301. He is an insurance broker whose business (AON) o listed as "health care, though my research of the company tells me it is a "Reinsurance broker.
He made $7.5 million last year, a fraction of Ferrell's pay.
Look at the list here: http://www.forbes.com/lists/2008/54/400list08_The-400-Richest-Americans_...

While celebs are busy making tongue-in-cheek videos about how evil the rich are, I say the rest of us work to
to reduce the salaries of celebrities who are grossly overpaid. While they aren't the smartest bunch, I'd think that they would realize that once disposable income of the middle class is reduced by taxes, higher proces, and lack of work, there will be less money to line their pockets.

Shhhh...you not supposed to point stuff like that out...useful idiots get all upset, throw rocks, and burn stuff...

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

"I skimmed through the Forbes 400 and found that a lot of people are making a lot of money in this country--but apparently not on health insurance."

What?

Ins. Co. & CEO With 2007 Total CEO Compensation

* Aetna Ronald A. Williams: $23,045,834
* Cigna H. Edward Hanway: $25,839,777
* Coventry Dale B. Wolf : $14,869,823
* Health Net Jay M. Gellert: $3,686,230
* Humana Michael McCallister: $10,312,557
* U.Health Grp Stephen J. Hemsley: $13,164,529
* WellPoint Angela Braly (2007): $9,094,271
L. Glasscock (2006): $23,886,169

Ins. Co. & CEO With 2008 Total CEO Compensation

* Aetna, Ronald A. Williams: $24,300,112
* Cigna, H. Edward Hanway: $12,236,740
* Coventry, Dale Wolf: $9,047,469
* Health Net, Jay Gellert: $4,425,355
* Humana, Michael McCallister: $4,764,309
* U. Health Group, Stephen J. Hemsley: $3,241,042
* Wellpoint, Angela Braly: $9,844,212 (source)

You don't think these salaries equal "a lot of money"? That's absurd. The fact that these salaries are enhanced by denying coverage (or "controlling costs" as they put it) is sickening. And since the "free market" doesn't exist without government (we the people), then it's entirely within our rights under the social contract to determine which markets should and shouldn't exist. And more and more Americans are questioning whether for-profit health insurance benefits the common good. (rightly so)

Pink Slip

The post from Pink Slop copied and pasted from a BLOG SITE from "HEALTH REFORM WATCH A Web Log of the Seton Hall University School of Law, Health Law & Policy Program "?

-Or-

HelenWheales who quotes an article published by Forbes magazine yearly since I can remember?

http://www.forbes.com/lists/2008/54/400list08_The-400-Richest-Americans_Rank.html

Don't blame me,
I didn't vote for a
socialist.

Believe?

Both articles were accurate. Helen's list consisted of billionaires. Just because the healthcare CEO's didn't make that list doesn't mean they don't make a lot of money.

Pink Slip

And Willie boy STILL made 40 million last year...but he's not "rich"....

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

Maybe we can pay for gov't healthcare with a tax on movie tickets and dvd's?

MikeyA

What a great idea! An entertainment tax! We don't NEED entertainment and we do need health care.

Or maybe we should all save the money we would otherwise use on movie tickets, DVDs, and film merchandise and use it to pay for our own healthcare. Last time I checked, entertainment is not a right...

Har - thanks for the video, Pink-

It's easy to just look at the top figureheads, but it's also important to remember that the large payoff for CEOs in healthcare hinges upon their ability to maximize profits for shareholders and wall street. It's about making a lot of wealthy people more wealthy. It's a system set-up to reward people highly for "maximizing efficiency", ie, make healthcare a living nightmare for consumers, denying claims. There are a number of people who have come out over the years who talk about pressure to deny claims and have felt huge remorse over their role in the system.

An excellent point wombat2--the Forbes list is populated by a lot of people who made their fortunes in hedge funds, which may cloak a lot of health insurance dollars.
---------------------------------------------
My point is not that the health insurance CEOS aren't making a lot of money, but that Will Ferrell is a pot calling the kettle black. I see pinkslip's point that these people make money because of their business decisions which cut, deny, or skimp on insurance coverage of some care.

I thank Will Ferrell for his video because it got me thinking about a new Helen Wheales health care reform policy.

The Celebrity Subsidy Bill

Celebrities are making ungodly profits, while the common man who must toil with a shovel, work behind the counter at a convenience store, defend criminals, treat the sick, or even grade papers for a living, will never earn the kind of money that would afford their lifestyle, much less their medical care.

I propose that this country begin a bold experiment in health care reform. Celebrities making 10 million or more in a calendar year will sponsor the health care and catastrophic coverage for an American family or family of illegal aliens, if they choose.

It works this way: Will Ferrell makes 40 million last year. I have decided that he doesn't need 30 million of that, so I will evenly divide that up into $12,000 sponsorships, thus covering 2500 people ! Think of how many people Oprah can cover! Gee, think of how many people the entire Forbes 100 top Celeb wage earners can cover! They'd have to forgo their jetsetting, and their weddings in Milan, their overnight trips to Barbados, and their homes in the Bahamas They'd have to stop adopting kids from other countries, buying $200 pairs of jeans, and visiting steam baths in Laos. They'd have to buy the same baby strollers we do--the $150.00 ones instead of the ones that are $600.00, but it would all be worth it!

I don't think you'll get very far trying to equate Hollywood money and health care insurance money. I realize your comparison is tongue-in-cheek, but the idea behind picking and choosing which markets to create is valid. Case in point--cap & trade would be a carbon market designed and created by us, in order to deal with the externality of pollution.

But hey, if you can convince enough people that the entertainment industry should be broken up and/or heavily regulated, go for it. Until then, your comparison is not serious.

Pink Slip

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