Comments on: Nine arrested at sit-in targeting Sen. Schumer http://www.healthcare-now.org/nine-arrested-at-sit-in-targeting-sen-schumer/ Organizing for a national, single-payer healthcare system. Fri, 10 Feb 2012 18:31:30 +0000 hourly 1 http://wordpress.org/?v= By: czander http://www.healthcare-now.org/nine-arrested-at-sit-in-targeting-sen-schumer/comment-page-1/#comment-6006 czander Sat, 19 Dec 2009 20:37:22 +0000 http://www.healthcare-now.org/?p=3037#comment-6006 In the spring of 2007 several organizations demonstrated outside the annual shareholders meeting of United Health Group the largest HMO in the U.S. to "decry the gap between need and greed.” United Health Group CEO William McGuire, and his replacement Stephen Helmsley, as well as other Minnesota HMO executives, took billions in stock options. McGuire was the highest-paid CEO in Minnesota history, with stock options totaling $2 billion. Helmsley, who replaced McGuire, has stock options in excess of $750 million. In 2009 Helmsley’s compensation came to $57,000 an hour. McGuire and other executives who were ousted in October, 2006, are under criminal investigation due to stock option backdating fraud. According to Herbert Sacks past President of the American Psychiatric Association, when asked where does this money come from, he replied “from the denial and interruption of…patient care.” Not only are CEO salaries excessive but so are their Senior VPs', VPs', and board members. For example, in 2007, the top 6 health plan boards paid themselves a whopping $277,998,793 (Jodell, 2009). Estimates of the compensation cost for health care CEO’s and their executives total about $7 to 10 billion a year. If their pay was reduced by 80 percent it would cover health insurance for 500,000 families enrolled in a government insurance program at $10,000 per year per family. Also, if health care was nationalized the administrative savings alone would be enough to provide health care coverage for the one million uninsured in America. One third of every dollar spent on health care goes to administrative overhead and half of that goes to executives. According to the Security and Exchange Commission between 2000 and 2007 the 10 largest publicly traded health insurance corporations increased their profits 428 percent from $2.8 billion to $12.9 billion, as premiums increased 87 percent. Health care institutions have lost the confidence of a public that once valued their altruistic mission and many maintain that executive pay is a significant part of the health care problem in America. For example, Patrick Soon-Shiong the CEO of APP Pharmaceuticals stepped down as CEO in the spring of 2008, but the former surgeon still held 83 percent of the company's shares. In July, he agreed to sell APP to a German firm. The sale finalized two months later for an initial $3.7 billion cash payment, as a result Soon-Shiong’s personal fortune gain $3 billion in 2008, In the spring of 2007 several organizations demonstrated outside the annual shareholders meeting of United Health Group the largest HMO in the U.S. to “decry the gap between need and greed.” United Health Group CEO William McGuire, and his replacement Stephen Helmsley, as well as other Minnesota HMO executives, took billions in stock options. McGuire was the highest-paid CEO in Minnesota history, with stock options totaling $2 billion. Helmsley, who replaced McGuire, has stock options in excess of $750 million. In 2009 Helmsley’s compensation came to $57,000 an hour. McGuire and other executives who were ousted in October, 2006, are under criminal investigation due to stock option backdating fraud. According to Herbert Sacks past President of the American Psychiatric Association, when asked where does this money come from, he replied “from the denial and interruption of…patient care.”
Not only are CEO salaries excessive but so are their Senior VPs’, VPs’, and board members. For example, in 2007, the top 6 health plan boards paid themselves a whopping $277,998,793 (Jodell, 2009).
Estimates of the compensation cost for health care CEO’s and their executives total about $7 to 10 billion a year. If their pay was reduced by 80 percent it would cover health insurance for 500,000 families enrolled in a government insurance program at $10,000 per year per family. Also, if health care was nationalized the administrative savings alone would be enough to provide health care coverage for the one million uninsured in America. One third of every dollar spent on health care goes to administrative overhead and half of that goes to executives. According to the Security and Exchange Commission between 2000 and 2007 the 10 largest publicly traded health insurance corporations increased their profits 428 percent from $2.8 billion to $12.9 billion, as premiums increased 87 percent.
Health care institutions have lost the confidence of a public that once valued their altruistic mission and many maintain that executive pay is a significant part of the health care problem in America. For example, Patrick Soon-Shiong the CEO of APP Pharmaceuticals stepped down as CEO in the spring of 2008, but the former surgeon still held 83 percent of the company’s shares. In July, he agreed to sell APP to a German firm. The sale finalized two months later for an initial $3.7 billion cash payment, as a result Soon-Shiong’s personal fortune gain $3 billion in 2008,

]]> By: tommy west http://www.healthcare-now.org/nine-arrested-at-sit-in-targeting-sen-schumer/comment-page-1/#comment-5589 tommy west Fri, 11 Dec 2009 01:03:36 +0000 http://www.healthcare-now.org/?p=3037#comment-5589 dear sir or madam: hello again. i would like to make a few things clear. earlier, when i was talking about "payback" from the senators to the insurance companies and the lobbyists...i'm sorry if i sounded offensive or anything like that.. i assure you that is not the case. these are just simply my opinions. i wasn't trying to offend anyone. ...and i'm sorry about my accusatory language. if i did offend anyone in writing this, i'm terribly sorry about that. i used very bad judgement. but i do realize these accusations might be considered inflammatory... and i'm very sorry about that. in the future, should i again write about health care problems, i will be a lot more careful about what i write and definitely not make accusations...or inflammatory statements...unless i have the absolute, total truth, to back up my opinions...and even then, i'll still be very careful about what i write. in short, i'll use much better judgement. these are simply my opinions...i'm not trying to offend anyone or make inflammatory statements. i am simply trying to make a point. what i meant to say was this: in my opinion, this reform bill is a payback and a sell-out, from the senators to the insurance companies.... but only my opinion...and that's it... only my opinion. so, again, i sincerely apologize... not for speaking out for the public option and for the expansion of medicaid... but for making those remarks about payback and sell-out, from the senators, to the lobbyists and the insurance companies. again, these remarks were not meant to offend or upset anyone...these are simply my opinions. so, please accept my very, very humble apologies. again, have a very good day. sincerely, tommy.west51@yahoo.com dear sir or madam:

hello again.

i would like to make a
few things clear.

earlier, when i was talking
about “payback” from the senators
to the insurance companies and the
lobbyists…i’m sorry if i sounded
offensive or anything like that..
i assure you that is not the case.

these are just simply my opinions.

i wasn’t trying to offend anyone.
…and i’m sorry about my accusatory
language. if i did offend anyone in
writing this, i’m terribly sorry about
that. i used very bad judgement.

but i do realize these accusations
might be considered inflammatory…
and i’m very sorry about that.

in the future, should i again write about
health care problems, i will be a lot more
careful about what i write and definitely
not make accusations…or inflammatory
statements…unless i have the absolute,
total truth, to back up my opinions…and
even then, i’ll still be very careful about
what i write. in short, i’ll use much better
judgement.

these are simply my opinions…i’m
not trying to offend anyone or make
inflammatory statements.

i am simply trying to make a point.

what i meant to say was this:

in my opinion, this reform bill is
a payback and a sell-out, from the
senators to the insurance companies….
but only my opinion…and that’s it…
only my opinion.

so, again, i sincerely apologize…
not for speaking out for the public
option and for the expansion of medicaid…
but for making those remarks about payback
and sell-out, from the senators, to the
lobbyists and the insurance companies.
again, these remarks were not meant to
offend or upset anyone…these
are simply my opinions.

so, please accept my very, very
humble apologies.

again, have a very good day.

sincerely,

tommy.west51@yahoo.com

]]> By: tommy west http://www.healthcare-now.org/nine-arrested-at-sit-in-targeting-sen-schumer/comment-page-1/#comment-5587 tommy west Fri, 11 Dec 2009 00:30:22 +0000 http://www.healthcare-now.org/?p=3037#comment-5587 dear sir or madam: i am very displeased from the news, concerning the health care bill. from what i've heard in the news, the public option and expansion of medicaid are out...because of a few democrats and the independent joe lieberman...if this news is true...then the american public should finally take a firm stand against this so-called "reform" bill and demand at least 2 things: 1. keep the public option in the bill 2. put back in the bill the provision where medicaid would be expanded this so-called "reform" is no reform, at all...it's a sell-out, a pay-back, to the insurance companies, the health care lobbyists, etc. ...and now those democrats and joe liberman who were against the public option should not only be voted out of office, when the next election rolls around...but they should at least listen to what the american public who are for the public option and the expansion of medicaid has to say about all of this ....and the american public should demand that these few senators put those 2 provisions back in the bill. if these senators don't do this, then the other senators who are for the public option and the expansion of medicaid should definitely not sign this travesty of a bill...and the american public should protest this so-called "reform bill"...only calm, peaceful protests, of course...but, protests, nontheless... they should protest this "reform bill" and demand those 2 things...keeping the public option and the expansion of medicaid in the bill it's time that these few senators listen to the american public and do the right thing. a public option is the only way that health care costs will be under control...without it, there will be absolutely no hope for meaningful health care reform. in closing, i would like to say this to these few senators who are against the public option: please keep those 2 provisions in the health care reform bill...the public option and the the expansion of medicaid. they are both extremely important, and they will save the government plenty of money. so, please do this. please do the right thing. thank you and have a very good evening. sincerely, tommy.west51@yahoo.com dear sir or madam:

i am very displeased from the
news, concerning the health care
bill.

from what i’ve heard in the news, the public
option and expansion of medicaid are
out…because of a few democrats and
the independent joe lieberman…if this
news is true…then the american public
should finally take a firm stand against
this so-called “reform” bill and demand
at least 2 things:

1. keep the public option in the bill

2. put back in the bill the provision
where medicaid would be expanded

this so-called “reform” is no reform, at
all…it’s a sell-out, a pay-back, to the
insurance companies, the health care lobbyists, etc.
…and now those democrats and joe liberman who were against
the public option should not only be voted
out of office, when the next election rolls
around…but they should at least listen
to what the american public who are for the
public option and the expansion of medicaid
has to say about all of this
….and the american public should demand
that these few senators put those 2 provisions
back in the bill.

if these senators don’t do this, then
the other senators who are for the
public option and the expansion of medicaid
should definitely not sign this travesty of
a bill…and the american public should protest
this so-called “reform bill”…only calm, peaceful
protests, of course…but, protests, nontheless…

they should protest this “reform bill” and demand
those 2 things…keeping the public option and
the expansion of medicaid in the bill

it’s time that these few senators listen to the
american public and do the right thing.

a public option is the only way that health
care costs will be under control…without it,
there will be absolutely no hope for meaningful
health care reform.

in closing, i would like to say this to these
few senators who are against the public option:

please keep those 2 provisions in the health
care reform bill…the public option and the
the expansion of medicaid. they are both extremely
important, and they will save the government plenty
of money. so, please do this. please do
the right thing.

thank you and have a very good evening.

sincerely,

tommy.west51@yahoo.com

]]> By: Nine Arrested at Sit-In Targeting Sen. Schumer « Single Payer Westchester http://www.healthcare-now.org/nine-arrested-at-sit-in-targeting-sen-schumer/comment-page-1/#comment-5582 Nine Arrested at Sit-In Targeting Sen. Schumer « Single Payer Westchester Thu, 10 Dec 2009 21:27:34 +0000 http://www.healthcare-now.org/?p=3037#comment-5582 [...] Healthcare-NOW! [...] [...] Healthcare-NOW! [...]

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