Think Wall Street’s titans are the highest paid C.E.O.’s in the land? Think again. With median annual compensation of more than $12 million, medical moguls take the pay prize, even as the quality of care we receive falls to embarrassing lows. As the debate over health-care reform intensifies, the author catalogues the industry’s unbridled profiteering.
via Matt Kapp on Health-Care Profiteering | vanityfair.com.
Just in case you needed some extra outrage for your weekend…
2 Responses
Every penny that goes into private insurer profit is a penny of our “health care budget” which does not buy even a single aspirin or band-aid. If we had universal health care, many billions of dollars which are now spent on insurance (thus insurer profits and overhead) would be eliminated from the system–and hopefully not eaten up by fraud, waste, and excessive government bureaucracy.
not to mention all that money paying lobbyists, going into politician’s pockets from the insurance industry, etc, etc…