Multimillion-dollar health care CEO salaries are shameful

[Guest guest]

Multimillion-dollar salaries are shameful

Date published: 4/24/2011

Multimillion-dollar salaries are shameful

News flash! This just in from the insurance capital of the world in Hartford,

Conn.: Aetna's former CEO made $72 million in compensation for

2010. I am glad to see the insurance industry is showing restraint by trying to

rein in health care costs!

Let's face it, a component of the nation's health care crisis is being driven by

the exorbitant, obscene salaries being paid to CEOs in the industry. No one is

worth $72 million per year. What could they possibly do (other than roaming from

one nonsensical meeting to another) that is worth that much? The answer is

nothing.

The industry mouthpieces will trot out the old refrain saying they need to offer

the obscene amounts to attract quality talent or they will go to the competitor.

I say let them go to the competitor or you will be a victim of labor market

extortion.

It appears the " free market " isn't working too well when it comes to health care

CEO salaries, but we all know they have highly paid lawyers to do their bidding

for them.

The terrible injustice here is the Republicans are asking in the budget debate

for health care cost shifting to low-income and the elderly rather than raising

taxes on the wealthy.

I hope I am not alone in finding this shameful.

America needs to wake up and restore compassion equal to its storied past and

shake off the insatiable greed destroying this country.

Bruce R. Iosco

Stafford

The writer is treasurer of the Stafford Democratic Committee

http://fredericksburg.com/News/FLS/2011/042011/04242011/619823

[Guest guest]

Well, they get those high salaries because it takes thousands and thousands of meeting hours to decide to raise premiums and reduce benefits. It must truly be grueling work for these poor souls struggling to make a living. In the meantime, there's Jack working for minimum wage flipping burgers at McDeath-o-rama ......

Fall down six times; stand up seven.

Japanese proberb

From: rumjal <rumjal@...>Flu Sent: Mon, April 25, 2011 3:21:23 AMSubject: [Flu] Multimillion-dollar health care CEO salaries are shameful

Multimillion-dollar salaries are shamefulDate published: 4/24/2011Multimillion-dollar salaries are shamefulNews flash! This just in from the insurance capital of the world in Hartford, Conn.: Aetna's former CEO made $72 million in compensation for 2010. I am glad to see the insurance industry is showing restraint by trying to rein in health care costs!Let's face it, a component of the nation's health care crisis is being driven by the exorbitant, obscene salaries being paid to CEOs in the industry. No one is worth $72 million per year. What could they possibly do (other than roaming from one nonsensical meeting to another) that is worth that much? The answer is nothing.The industry mouthpieces will trot out the old refrain saying they need to offer the obscene amounts to attract quality talent or they will go to the competitor. I say let them go to the competitor or you will be a victim of labor market

extortion.It appears the "free market" isn't working too well when it comes to health care CEO salaries, but we all know they have highly paid lawyers to do their bidding for them.The terrible injustice here is the Republicans are asking in the budget debate for health care cost shifting to low-income and the elderly rather than raising taxes on the wealthy.I hope I am not alone in finding this shameful.America needs to wake up and restore compassion equal to its storied past and shake off the insatiable greed destroying this country.Bruce R. IoscoStaffordThe writer is treasurer of the Stafford Democratic Committeehttp://fredericksburg.com/News/FLS/2011/042011/04242011/619823