What is the appropriate word to use when you find out that the top executive at the third largest health insurance company in America raked in 68.7 million dollars in 2010?
How is one supposed to respond when one learns that more than two dozen pharmaceutical companies make over a billion dollars in profits each year? Is it okay to get angry when you discover that over 90 percent of all hospital bills contain "gross overcharges"?
Once upon a time, going into the medical profession was seen as a "noble" thing to do. But now the health care industry in the United States has become one giant money making scam and it is completely dominated by health insurance companies, pharmaceutical corporations, lawyers and corporate fatcats. In America today, just one trip to the hospital can cost you tens of thousands of dollars even if you do not stay for a single night.
The sad thing is that the vast majority of the money that you pay out for medical care does not even go to your doctor. In fact, large numbers of doctors across the United States are going broke. Rather, it is the "system" that is soaking up almost all of the profits. We have a health care industry in the United States that is fundamentally broken and it needs to be rebuilt from the ground up.
The chairman of Aetna, the third largest health insurance company in the United States, brought in a staggering $68.7 million during 2010
Ron Williams exercised stock options that were worth approximately $50.3 million and he raked in an additional $18.4 million in wages and other forms of compensation. The funny thing is that he left the company and didn't even work the whole year.
In case you haven't noticed, health insurance companies all over the United States have announced that they are going to raise premiums significantly due to the new law. Of course they are just using it as an excuse. They have been sticking it to us good for the last several decades and they just grab hold of whatever excuse they can find to justify the latest rate hike.
If you are looking for a legal way to drain massive amounts of money out of average Americans just become a health care company executive. Health care has become perhaps the greatest money making scam in the United States. When Americans are sick and have to go to the hospital most of them aren't really thinking about how much it will cost. At that point they are super vulnerable and ready to be exploited.
Insurance is a term which is used to define a situation, where you give a company or organization, either privately owned or non-profit, and the responsibility for monetary help when you are in desperate need of it. Health insurance is a more specific field of insurance, where you seek the help of such organizations to cover for issues related to health, like medicines, surgery, operations, or paying bills of the doctors. But this coverage is provided only if the expense exceeds a certain value, which is predefined prior to accepting the health insurance policy. The health insurance is important for you and your family for the following reasons.
Firstly, due to growing issues of pollution and environment degradation, people are very prone to common diseases. Living in cities and big towns, and working for over eight hours every day even elevate the possibility of contracting some of these diseases, which in turn decreases your productivity. And as a result of this, you need to visit your physician more often, and get prescribed to medicines. Here comes the importance of health insurance policies, which will pay on your behalf, and thus decreasing your overall monthly expenses.
The causes of this rate of uninsurance remain a matter of political debate. Rising insurance costs have contributed to a trend in which fewer employers are offering health insurance, and many employers are managing costs by requiring higher employee contributions. Many of the uninsured are the working poor or are unemployed. Others are healthy and choose to go without it. Some have been rejected by insurance companies and are considered "uninsurable". Some are without health insurance only temporarily. Some choose faith-based alternatives to health insurance.
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