jr602az
Member
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- Aug 24, 2009
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- Phoenix,Az USA
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- Libertarian
sorry about that:roll:Health care in general is not a scam - it's an investment in your body that results in greater longevity, greater productivity, and greater enjoyment of life.
Health insurance is a financial service to smooth out the risk of unexpected medical bills to one steady monthly payment, as per your contractual agreement with the insurer - it's not beneficial for everybody.
I shut it off after that dumb**** elizabeth edwards started lying her ass off, as it became very obvious that this filmmaker was a retard for not even trying to hide it.
The CEO made $3.2m - that's nothing in the grand scheme of things. Then, edwards claims that "one out of every $700 spent on health care in this country went to pay his salary."
That would mean that the entire country spend $2.2b on healthcare in a year.
Somehow, that seems a little off.
YesHealth care in general is not a scam - it's an investment in your body that results in greater longevity, greater productivity, and greater enjoyment of life.
Insurance companies have no contractual agreement to "smooth out the risk". They have only one mandate -to make money. They operate like any other self respecting corporation- create a monopoly or something close to it and charge as much as the market will bear. Weed out the old and sick. Agreements? - you mean the 12 month variety?Health insurance is a financial service to smooth out the risk of unexpected medical bills to one steady monthly payment, as per your contractual agreement with the insurer - it's not beneficial for everybody.
http://www.youtube.com/watch?v=fBi2hMK168Y
You forgot about the stock options which amounted to about $744,000,000.
United Health has been notorious for high C.E.O salaries and sleazy practices, for years.
Insurance companies have no contractual agreement to "smooth out the risk". They have only one mandate -to make money. They operate like any other self respecting corporation- create a monopoly or something close to it and charge as much as the market will bear. Weed out the old and sick.
If you don't like the terms of a health insurance policy - don't get it.
So you are saying that customer payments have nothing to do with earnings and share holder value? Seems to me that United Health has a history of customer dissatisfaction and law suits because they employ every sleazy practice to maximize earnings/ increasing shareholder value. It all begins with customer payments.1) That's not how stock options work. Stock options come at the expense of diluted shareholder value, not from customer payments.
So you are saying that customer payments have nothing to do with earnings and share holder value? Seems to me that United Health has a history of customer dissatisfaction and law suits because they employ every sleazy practice to maximize earnings/ increasing shareholder value. It all begins with customer payments.
UnitedHealthcare has agreed to shut down the controversial system it uses to determine "usual, customary, and reasonable" (UCR) charges – a system the American Medical Association and New York State Attorney General Andrew Cuomo called a scheme to defraud patients and physicians on medical bills for out-of-network services. The company also agreed to pay to develop a new system to determine fair out-of-network reimbursement rates.
In a settlement with the attorney general's office, United said it will close the database of billing information used by Ingenix, a wholly-owned subsidiary of United. Ingenix is the nation's largest provider of health care billing information. United and the largest health insurers in the country rely on the Ingenix database to determine their UCR charges. The Ingenix database uses the insurers' billing information to calculate UCR rates for individual claims by assessing how much the same, or similar, medical services would typically cost, generally taking into account the type of service and geographical location. Under this system, insurers control reimbursement rates that are supposed to fairly reflect the market.
As for Mrs Edward's claim, I am sure she put stock options in her calculation. How does the three-quarters of a billion work out year to year?
Sick for Profit - Insurance CEOs
According to this site, he will earn approx. $127,001,281 in stock options for 2009.
O.K., I looked into this a bit more:
Mrs. Edwards misspoke. I doubt, seriously that it was intentional. Hemmsley has been C.E.O. since 2006. I believe that she was referring to the fact that the former C.E.O. of United Health (MacGuire) received about one in every $700 that United health received- That was probably 2005 and ,yes, I am sure the figure included the stock options he cashed in.
Meanwhile, it does not change the substance of the film.
Another silly poll started by an illiterate or a conservative.
No vote..
Moderator's Warning: |
Google MacGuire. Mea Culpa,- I should have posted the link but I don't feel like looking it up again- especially since you already reject the entire premise. I understand what you are saying about stock options but the trend to reduce salary and bulk up stock options has created perverse short term incentives whereby C.E.O.'s must pander to Wall Street first and sick people only when they cannot find a loop hole in which to avoid or reduce payment. A more revealing stat would have been the % of premium $$ that United Health spends on actual health care.Any evidence for the fact that that's true? Again, you can't count stock options being cashed in.
Suit yourself, of course.If a filmmaker is highlighting demonstrably false claims, I don't really trust them. Since it was already clear that it was propaganda, I didn't see a reason to keep watching.
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