Gather at 5:30 p.m. on the corner of SW 18th and Morrison, in front of the Timbers' Stadium in Portland.
The 2013 Award for Profiteering and Deceit in the Private Health Insurance Industry goes to… UnitedHealth for paying its CEO, Stephen Hemsley, $49 million in 2012.
37% – UnitedHealth
30% – Humana for charging women over 50% more than men for the same insurance plan.
27% – Anthem Blue Cross for predatory premium increases.
6% – Moda Health for paying $40 million for naming rights to the Portland Trailblazers arena.
Among CEOs, healthcare CEOs receive the highest median pay at $11.1 million. There are thousands of insurance companies, but the seven largest publicly traded health plans alone are paid their CEOs a collective $87 million.
Under a single-payer health plan, health coverage would be offered as a public good to all, administered by civil servants who will not siphon millions of dollars meant for patient care into their personal bank accounts. So we could use that $87 million in wasted money on CEOs to pay for as many as 8,700 hip replacements.
Full article here.