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I would like to say that I am glad that HCR paid of for someone

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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 10:42 PM
Original message
I would like to say that I am glad that HCR paid of for someone
Except for the fact that those someones are the execs at the insurance companies.

From the LA Times:

By Noam N. Levey, Los Angeles Times

August 11, 2010


Reporting from Washington
The top executives at the nation's five largest for-profit health insurance companies pulled in nearly $200 million in compensation last year while their businesses prepared to hit ratepayers with double-digit premium increases, according to a new analysis conducted by healthcare activists.

The leaders of Cigna Corp., Humana Inc., UnitedHealth Group and WellPoint Inc. each in effect received raises in 2009, the report concluded, based on an analysis of company reports filed with the Security and Exchange Commission.

H. Edward Hanway, former chief executive of Philadelphia-based Cigna, topped the list of high-paid executives, thanks to a retirement package worth $110.9 million. Cigna paid Hanway and his successor, David Cordani, a total of $136.3 million last year.


http://www.latimes.com/health/la-fi-insurance-salaries-...
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 10:46 PM
Response to Original message
1. "each in effect received raises in 2009"
Wasn't the bill signed into law in 2010?

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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 10:49 PM
Response to Reply #1
2. FAIL .... Everyone knew the bill was coming and they also knew that the PO was not in it. n/t
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:04 PM
Response to Reply #2
3. FAIL? What the hell do raises in 2009 have to do with the law signed in 2010?
You seem to be implying that they were scared and wanted to get this in before it passed.

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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:13 PM
Response to Reply #3
4. Nope, that's not what I am implying at all. They saw their oppurtunity to play ..........
a fear card and used that card to raise rates. The same will be done this year, the next and the for years after that.

As soon as the bill was signed, insurance execs were raising a flag of victory and saying "we won". I experienced first hand, this very year, what they are going to use this bill for. My insurance premiums jumped 12% due to "just enacted legislation", their words, not mine.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:22 PM
Response to Reply #4
6. They didn't need an excuse
Why would the greedy, evil insurance companies need an excuse to give themselves a raise?

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Exilednight Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:26 PM
Response to Reply #6
7. It gave them an excuse to go for a bigger sum. Everyone knew that premiums would raise ............
but no one knew what the hit would be.
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daleanime Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-11-10 11:13 PM
Response to Reply #3
5. No, he seems to be 'implying' that....
in 2009 they knew that they had nothing to fear in 2010. And he's probably right. :banghead:
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