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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (558905)	4/5/2010 4:11:45 PM
From: tejek	Respond to of 1576346

Ted, since I'm a math geek, let me nitpick that article before I get to the gist of it: > wellpoint Health ins CEO pay doubled to $13.1m; company's rates increase 31% Double implies that her pay used to be $6.55M. It was actually $8.7M in the previous year, meaning her pay rose 51%. That's a generous pay hike, but it isn't "double." True....good catch. The title is wrong. I should have read the article more closely. Did you note that two other execs saw their pay go up 75%? Do you think these people have their customers well being at hand? > The proposed rate increases of up to 39% in individual policies turned the insurer into a flash point in the healthcare overhaul battle, breathing new life into President Obama's effort at a crucial time in the debate. "Up to 39%"? Under what circumstances? Is that the average premium hike, or just the "worst-case scenario" for people with so-called "Cadillac plans"? Neither that blog post nor the L.A. Times gives any details. I believe 31% is the average while 39% is the biggest hike but you would have to double check to make sure. Having said that, I'll agree that the execs of these health insurance providers are rewarding themselves very well for "spreading the pain" across all their policy holders. Too bad most of these policy holders can't easily switch to an alternate insurance provider that cares more about their customers (if such a provider even exists). There are provisions in the bill just passed to keep these kind of excess in check. Let's see if it works.