What were you thinking about when you chose to become a doctor?
I don’t know about you, but I could not help but asking myself that question when hearing Amy Goodman’s show Democracy Now this morning about compensations of executives in the health insurance industry.
Not that there is anything to be surprised about, given how close these folks are to major policy decisions in US health care. As the Firedoglake website pointed out last year, it is not even a secret that the original Senate Finance Committee bill, a descendant of which was recently signed into law with the ambitious name of Patient Protection and Affordable Care Act, was authored by a former Wellpoint VP, so these guys know what they are doing. And since Congress released the first of its health care bills on October 30 of the past year, health care stocks have risen by almost 30%.
But it gets better (for private insurers, that is…). So take a big sip of that morning coffee, and read on!
WellPoint CEO Receives 51 Percent Salary Increase
It appears that 2009 was a good year for the CEO of the private health insurance company WellPoint. Angela Braly’s compensation package soared by 51 percent last year. She earned $13.1 million, up from $8.7 million in 2008 At least three other WellPoint executives received compensation increases of as much as 75%.
Single payer anyone?
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