WellPoint, the nation's largest insurance company made over 2.5 Billion in profits last year. Now, WellPoint's affiliate, Anthem Blue Cross and Blue Shield, is suing the state of Maine for refusing to guarantee it a profit margin.
Taking people's premium money, and then denying them insurance claims for medical treatment.
A health insurance policy is a purchase. In any business, changing the terms after the purchase agreement is deemed as breach of contract.
Please tell me how ANYONE can be worth paying $9.8 million dollars per year as a CEO of ANYTHING?!!
Hi Ralph... Nah! We do not need a public option. I am sure that we can rely on WellPoint to look out for our health and best interests better than elected officials. Give me a break... In this case I am more than willing to trust the questionably run government run option (whose overseers I can vote out every four years) rather than the greed driven privately run insurance companies that I know don't do the job in any sort of affordable manner and who seem to answer to nobody.
Steve,
Very good point. I had missed the fact that we cannot vote out the corporate CEO's every four years.
I'm not surprised that the insurance companies want a guaranteed profit. My local garbage company has that kind of sweet deal with my city government. Insurance companies are much more high class in how they go about their mob-like business.
Why shouldn't insurance companies be able to do just what the banks have been doing? The banks have gotten away with changing the terms on credit cards for millions of people.
What's good for the CEO's over at Goose, Inc. must be good for the rotten CEO's over at Gander, Ltd.