The Worst Health Insurance Company of 2013

January 28, 2014 by  
Filed under Healthcare-NOW! Updates

hemsleyworst1The 2013 Award for Profiteering and Deceit in the Private Health Insurance Industry goes to… UnitedHealth for paying its CEO, Stephen Hemsley, $49 million in 2012.

We want to thank everyone who participated. We’re planning to send the award to UnitedHealth’s world headquarters in Minneapolis, MN soon. We’ll also include all of the reasons you gave us about why they are the worst. Including:

“They never approve anything needed by the patients. They have made the process so cumbersome to jump through for authorization that it is impossible for physician to get appropriate treatment for patients. That is how they make their money is by denying appropriate coverage of their enrollees.”

The results:
37% – UnitedHealth
30% – Humana for charging women over 50% more than men for the same insurance plan.
27% – Anthem Blue Cross for predatory premium increases.
6% – Moda Health for paying $40 million for naming rights to the Portland Trailblazers arena.

Among CEOs, healthcare CEOs receive the highest median pay at $11.1 million. There are thousands of insurance companies, but the seven largest publicly traded health plans alone are paid their CEOs a collective $87 million.

Under a single-payer health plan, health coverage would be offered as a public good to all, administered by civil servants who will not siphon millions of dollars meant for patient care into their personal bank accounts. So we could use that $87 million in wasted money on CEOs to pay for as many as 8,700 hip replacements.

Comments

5 Responses to “The Worst Health Insurance Company of 2013”
  1. Gary says:

    While trying to get authorizaton for a delicate spine procedure 12 years ago I ran into this problema. United would authorise the dr. but not where he practiced. A United customer service rep. told me, when I complained, that patients werent their concern, they were running a business.
    It couldnt be more clear!

  2. Harriette Seiler says:

    I think total compensation to Health insurance CEOs was one heck of a lot more than 87 million last year.

    If we passed HR 676–Single payer Improved Medicare for ALL, economist Gerald Friedman of UMass says we could be saving over 500 billion annually–monies that could be redirected to coverage and care for everyone!

  3. TAYE ADDISU says:

    IT THE MOST DIFFICULT IF YOU ARE MIDDLE CLASS WHO MAKE ENOUGH MONEY TO SURVIVE, BUT YOU ARE NOT QUALIFIED FOR PUBLIC ASSISTANT!IT REALLY SAD!THE SO CALL POOR WHO YOU USE AND ABUSE THE SYSTEM NOT ALL AND THE CORPORTATE WELFARE BENEFIT THE MOST. THE SYSTEM IS IMPOSSIBLE TO SPEAK UP YOUR SUGGESTIONS TO CHANGE IT.
    WHEN IT COMES TO MEDICAL, THOSE WHO ARE RICH AND ON DISABILITIES SOME CHEAT AND GAIN BENEFITS IN MEDICAL NO WORRIES. THOSE OF US WHO PAY OUR HARD EARNING MONEY, AND TAKE WAY NEEDED FOOD AND NECECESSITIES FROM OUR FAMILY AND OUR NEEDS, EVEN WITH PAYING HUGE PREMIUM TO HEALTH INSURANCE COMPANIES, ONCE THEY COLLECT THE PREMIUM WITH HIGH DEDUCTIBLE AND MAX OUT OF POCKET THEY MAKE IT SO HARD FOR DOCTORS TO GET PAID AND PAY MINMUM, THE DOCTORS WON’T TAKE YOU, IF THEY DO THE GIVE YOU EXAME AND TREATEMENT WHAT THEY PAY THEM. ALL OF THESE MEDICAL HEALTH INSURANCE ARE DISHONEST AND THEY ONLY CARE ABOUT PROFIT. THEY CARE LESS ABOUT THEIR CLIENTS. HOW WE ARE GOING TO SURVIVE THESE ABUSES? WE MAY TRY TO FIGHT NO MATTER WHAT THEY ARE GOING TO KILL US AND THE POLITICIANS ARE COMFORTABLE AND RICH, ONLY GIVE LIP SERVICE, THE ONLY WAY IS TO ORGANIZE AND DEMAND CHANGE TO HELP THE HARD WORKING PEOPLE OF AMARICA.
    I JOINED MODA HEALTH, I PAY $ OVER 400, I MAKE LESS THANT 2000 AND TAX, I WORKED EXTREMELY HARD THRU OUT MY WORK DAYS, NOW AFTER I PAY THIS HUGE PREMIUM FOR 3 MONTHS I RECEIVE NOTHING FORM MODA EVEN THOUGH I ASKED THE BOOKLET AND BENEFITS BOOK FORM THEM. EVERY TIME I SIGNED UP ON THEIR WEB, MY PASSWORD NEVER WORKS AND THEIR PHONE IS ALWAYS BUSY. YOU MOVE TO OTHER PROVIDERS, THEY ARE EQUALLY BAD. I GUES I MAY DROP THEMY ALL, GET TREATED WHEN I GET SICK AND REFUSE TO PAY. THEN I KNOW THE GARNISH AND TAKE MONEY FROM MY EARNINNG, BUT THEY WILL LEAVE ME ALONE WHEN I DIE.
    ANYONE CAN TELL ME WHEN I JOIN PEOPLE TO FIGHT TO MAKE CHANGE TO THIS CORRUPT MEDICAL SYSTEM. SEND TO THE ABOVE EMAIL

  4. Ray says:

    I think that Humana hands down is the worst insurance company. Not just for the coverage but also for customer service. They are a money making machine, that doesn’t care about their customers. They’ll charge you from the moment you enroll, but won’t send you ID cards for 3 months until you beg them for it over and over. Aldo if you cancel your service, expect a charge for the months you never have had any coverage. You have to deal with rude customer service reps to get your very own hard earned money back for charges that shouldn’t have been there, because you didn’t have any coverage. Its also not very easy to reach customer service in first place. Humana has it very complicated and I am never going back with them and make sure that no one in my family and friends does.

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