Tuesday, August 11, 2009

Some Facts

The top 5 Insurance Companies made some serious money in 2008

Company Profits: CEO Total Compensation:
UnitedHealth Group $2,977,000,000 $5,030,000
WellPoint $2,490,700,000 $4,070,000
Atena $1,384,100,000 $38,860,000
Humana $647,000,000 $2,390,000
Cigna $292,000,000 $30,016,000

In 2009 they are waging a battle in Washington to keep those profits coming and believe me it's war.. January through March of this year the health insurance industry and their lobbyists spent 1.4 MILLION DOLLARS A DAY to fight or rather structure health care reform so that they won't lose a penny in profits.

The cover of the Aug 17, 2009 edition of Business Week Magazine - "Health Reform - Why Insurers Are Winning"

These guys don't want to see there Billion Dollar profit margins go away and they will do everything they can from greasing the palms of fiscally conservative Democrats like Congressman Jim Matheson, leader of the Blue Dog Coalition,
to scaring the general public with expensive commercials insinuating that the government will somehow deny care to the sick

(Nearly 54 percent of the Blue Dog PAC’s haul this year comes from the energy, financial services and health care industries, up from 45 percent in 2004: according to analysis of CQ MoneyLine data by the Center for Public Integrity:

And yet those same insurance companies pay doctors in their own employ bonuses for DENYING care to their own customers.

What totally mystifies me is that there are so many people out there don't realize that the President of the United States is fighting to make changes in this broken system of health care, they just see him as the enemy!!

Guess what!! 5 percent of the U.S. Economy is spent on health care and what does all that money get you?? The worst results of any Western Civilized Nation.

Here are some links to those better informed than myself...

American Lives vs Insurance Company Profits

CEOs Reap Benefits While Insurance Companies Systematically Deny Care to Ill Policy Holders

Insurance Company Rules

Daily Dose

The Work Room

Don't believe that because you currently pay for private insurance that you will be covered for everything...read more about those people in the same position as you that are paying the far higher price of watching a loved one suffer because their insurance company has denied them for the care they require.

The Insurance companies are spending over 1 million dollars a day to keep things the same, to slow reform or to make it more profitable for them than it is already. It's hard to compete with that.