At 11:18 AM 3/1/2010, b_s-wilk wrote: >After all, it's immoral to profit from others' illnesses and misfortunes, so >why do many health health insurance executives have multi-million dollar >salaries and benefits, and insurance companies have billion dollar profits?
Let's do [some of] the math on this one. The other day the CEO of one of the health insurers said before Congress that she received $10M in compensation, something like $1M in salary and $9M in stock options. More or less. Well if it's a major medical insurer, surely it has 10 million policyholders in a country of 300 million citizens. So it cost about $1 per policyholder to pay the CEO compensation package? Even if it were $10, that's not much. And if the CEO makes the organization of that size work well, I would think that she's worth it. Huge enterprises are very difficult to make work well. So the government wants to trade in ten(? or more) insurance companies for one huge organization that covers everybody, and pay the CEO of that how much? Fred Holmes ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
