Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: Oeconomicus who wrote (11400)	7/14/2004 1:50:57 PM
From: Orcastraiter	Read Replies (2) of 90947

Blue Cross in Washington...trying to change from a non-profit to a for profit corporation. When Blue Cross or Blue Shield companies go "for profit," the amount of their income they pay to doctors and hospitals drops from 85 percent to 75 percent. Where does the money go? Now Premera wants to participate in this high-stakes game, through conversion from its nonprofit status. According to witnesses at the insurance commissioner's hearing, Premera's executives are paid well above industry standards; Premera's CEO has already bumped his salary from $600,000 to $1.2 million over the past four years. If Premera "converts," especially if, and when, it merges with Anthem/Wellpoint, the executives will be eligible for even more spoils, including stock options over the next few years. seattletimes.nwsource.com Hey I have a great idea. Lets add toll booths to every freeway ramp and convert the interstate system to a for profit corporation! Orca

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