Pass this around - CEO Compensation: Who Said Health Care is in a Financial Crisis?

I just sent this to my Republican Sister and her husband. She is still saying she just doesn't know what the final Health Care Bill will be and I told her that if she had listened to the President it was pretty cut and dry. But she still is trying to say that she isn't sure if Rep. Wilson was right or not! Please!

Here is what I sent her:

Remember this it was Reagan that signed the bill to help illegal immigrants get health care in the ER's back in the 1980's - Illegal immigrants are already eligible for emergency care through the Emergency Medical Treatment and Active Labor Act, signed by President Reagan in 1986. So that is really being hypocritical to begin with! The President has said the final bill will have a provision that no illegal immigrants will be able to have insurance from this bill.

I am just so sick of the yelling and fervor that is being caused in our country without there being a civil discussions after the Health Care CEO's and their buddies get Millions and Millions of $$$$$ from the Government as middle men as shown here and this was back in 2007!:

Thursday, August 23, 2007
CEO Compensation: Who Said Health Care is in a Financial Crisis?
Ira Kirschenbaum, MD

http://blogs.webmd.com/mad-about-medicine/2007/08/ceo-compensation-who-said-healthcare-is.html

Those of you who are struggling to pay for your generic medicines or wondering why the doctor is charging you a $5.00 co-pay, give some thought to these facts about how our health care dollars are allocated. At the end of this post, there is a list of 23 health companies I found on Forbes.com, what the CEO was paid in 2005, and the average paid to the CEO in the past five years.

Imagine adding vice presidents, Board of Directors, stock holders and the other 200-300 other companies all cashing in on your health to that total at the bottom.

Based on this, the next time you want to argue with your Primary Care doctor's front desk about a $5.00 co-pay, remember that he makes an average of $149,000.00 per year. On the other hand -- using United Healthcare as an example -- your insurance company paid their CEO -- one man -- $324,000,000 over a recent five year period.

If you are uninsured, try calling any one of these 23 CEOs and see if they will give you free insurance.

BTW: 10% of 14.9 billion is 1.4 billion. If basic insurance costs $8,000/year for a family then taking 10% from just these CEO salaries would insure 35,000 Americans a year for five years. That is a lot of people that can be helped just by 23 men. Looking at the companies as a whole that profit from health care, we can probably pay for every uninsured person in this country for decades to come.

The numbers are numbing, which is why we should do something about this.

* United Health Group
CEO: William W McGuire
2005: 124.8 mil
5-year: 342 mil

* Forest Labs
CEO: Howard Solomon
2005: 92.1 mil
5-year: 295 mil

* Caremark Rx
CEO: Edwin M Crawford
2005: 77.9 mil
5-year: 93.6 mil

* Abbott Lab
CEO: Miles White
2005: 26.2 mil
5-year: 25.8 mil

* Aetna
CEO: John Rowe
2005: 22.1 mil
5-year:57.8 mil

* Amgen
CEO: Kevin Sharer
2005:5.7 mil
5-year:59.5 mil

* Bectin-Dickinson
CEO: Edwin Ludwig
2005: 10 mil
5-year:18 mil

* Boston Scientific
CEO:
2005:38.1 mil
5-year:45 mil

* Cardinal Health
CEO: James Tobin
2005:1.1 mil
5-year:33.5 mil

* Cigna
CEO: H. Edward Hanway
2005:13.3 mil
5-year:62.8 mil

* Genzyme
CEO: Henri Termeer
2005: 19 mil
5-year:60.7 mil

* Humana
CEO: Michael McAllister
2005:2.3 mil
5-year:12.9 mil

* Johnson & Johnson
CEO: William Weldon
2005:6.1 mil
5-year:19.7 mil

* Laboratory Corp America
CEO: Thomas MacMahon
2005: 7.9 mil
5-year:41.8 mil

* Eli Lilly
CEO: Sidney Taurel
2005: 7.2 mil
5-year:37.9 mil

* McKesson
CEO: John Hammergen
2005: 13.4 mil
5-year:31.2 mil

* Medtronic
CEO: Arthur Collins
2005: 4.7 mil
5-year:39 mil

* Merck Raymond Gilmartin
CEO:
2005: 37.8 mil
5-year:49.6 mil

* PacifiCare Health
CEO: Howard Phanstiel
2005: 3.4 mil
5-year: 8.5 mil

* Pfizer
CEO: Henry McKinnell
2005: 14 mil
5-year: 74 mil

* Well Choice
CEO: Michael Stocker
2005: 3.2 mil
5-year: 10.7 mil

* WellPoint
CEO: Larry Glasscock
2005: 23 mil
5-year: 46.8 mil

* Wyeth
CEO: Robert Essner
2005:6.5 mil
5-year: 28.9 mil


TOTAL 2005: 559.8 mil

TOTAL 5-Year: 14.9 billion

.........

Don't get me wrong I believe in Capitalism but I don't believe in lying to the public tax payers either! We are being screwed here royally and we need to stop it NOW!
:rant:

cost of health insurance for current employees and retirees. In fact, the chunk that goes to health insurance is larger than the chunk that goes to buy the steel in the car. Since a big chink of health insurance premiums goes straight into the pockets of the CEOs, this means that every time someone buys a new American made car, they're paying off a multimillionaire for the privilege!

:fistbump:

How can one in good conscious make an income like that when working in the "helping professions?"

What conscious?

:fistbump:

they wine and dine congress people and senators and even presidents..they make sure the people in their companies put money into their "bundle" to get the guy they want elected ..elected..they do all they can to hold back unions and salaries..and then they sit on their yachts and beach homes and laugh at you!

You didn't really believe your $200 bucks got a president into office did you??????

is the alli Greed needs.

:puke:

Obscene, is the only word I can come up with to describe the greed. Shame on all of them.

whenever you try and tell people how is it right that these CEOs get these huge salaries, they say 'fair is fair - they're workers too, wouldn't you take the millions if the company offered it!" - all while they screw over their clients/customers to get the bottom dollar and then turn around and give their CEOs a bloated salary!

:puke:

http://www.chron.com/disp/story.mpl/business/steffy/5389246.html

It was actually somewhat reported at the time and caused quite a bit of outrage, although nothing close to the amount it should have.

a BILLION to one person from the for profit industry that kills and bankrupts us! How many treatments, how many premiums would that amount have covered?

Thanks for posting this. It is unbelievable what is being given to people who sit at the head of what is a life and death "business"! Health Care should NOT be a business but we know that is a long way off.

http://www.opm.gov/oca/09tables/indexSES.asp

2009 Salary Table basic pay for Executives -
Level I - $196,700
Level II - 177,000
Level III - 162,900
Level IV - 153,200
Level V - $143,500

Now, that is the base salary, so with bonuses, merit increases, etc, they might just double the salary.
Very comfortable, even in DC or New York.
Of course, I'm not sure if the Directorate iteslf has a different pay scale or are paid out of a different pot, but this is the wage scale from the Office of Personnel Management; and the Executive positions here are equivilent to normal corporate management. Looks to be about half "industry" wages. Even the management in the company I work for gets paid at least a third again at the same executive level as government workers.

Haele

:wow: