Health Insurance Profits Booming with $1.6 BILLION Paydays!

So, now that United Health (NYSE:UNH) CEO Dr. William McGuire gets $1.6 BILLION dollars worth of options (NOT including salary), I guess we all have an idea of where all our rising health insurance premiums have been going, and I don't think it's in rising healthcare costs.

Links/Transcript/Notes: http://www.momoneytv.com/vlog/moMONEY/20060502.html

Category:

News & Politics

Tags:

• nyse:unh
• united
• health
• dr
• william
• mcguire
• 1.6
• billion
• unh
• trading
• stock
• market
• insurance
• premiums
• doctors
• healthcare

[omegapointil]

I don't care what you call it. Take the profit out of it if it lowers my premiums. Not here to support a bunch of useless middle men. If thought labor was replaceable in business then Blue Cross surely is.

[clayfromsanantonio]

$10,000?!!!!! you are an idiot!!!!

[libtechsk8er]

The profit margin of hospitals in 3.6%, and what else? Health care plan profits are a whopping 3.3%

link: easyurl (dot) net/ins_profits

[bpartoens]

You forgot to mention that this 1.6 billion dollar pay out was after he was found guilty of making1.1 billion on a back dating stock option scandal. Then, he gets rewarded w/ a huge golden parachute. He should have been rewarded with a trip to the big house.

We need to keep McGuire's story out there so we end end the health insurance cartel's hold on America.

[blacksabbathgnr098]

not everyone has 10,000 dollars lying around

[billoakesattablthree]

I'm starting to feel fortunate because if I'm correct I can get medical for about 200/mo with a 10,000 deductible - can't understand why anyone is bitching about the high cost - just keep 10,000 in the cookie jar

[raquelle08]

i wish i understood what you're talking about

[jplolo316]

here here!