Another Healthcare CEO's Outrageous Compensation

Healthcare executives are well paid but did you know the CEO of Cigna in addition to his $12,2 million 2008 compensation he received the use of a company car with a driver, in-office meals, and emergency assistance services relating to medical exams,

If that isn't enough:

• his salary is $12.2million,
• he lives in a $13.6million, beach house in Avalon, NJ,
• his other houses include houses worth $435,000 and $900,000,
• his 5 year compensation was $120.5 million enough to cover out-of-pocket healthcare costs for the population of Providence, RI,
• Hanway will retire with a $73 million golden parachute this fall,
• Cigna operates two corporate jets at a cost of $68.5 million, one hour's worth of jet fuel is equivalent to nearly 5 people's yearly premium costs,
• The three largest insurance companies saved $800,000,000 in the last five years by dumping the sick,
• Profits for the top 10 insurance companies has risen 418% while U.S. worker' out-of-pocket medical expenses have risen 93% since 2000.

All this while refusing treatment. Remember the goal of a health insurance company is to maximize shareholder value NOT provide healthcare.

If those factoids do not outrage you enough watch this Brave New Films 5 minute documentary.

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What do you think? Are you as mad as hell? Go to http://sickforprofit.com.

News and Comment - No Job Outrage