While 1/3 Of Americans Went Uninsured

March 6. 2009

President Barack Obama

It has been reported, the average health insurance CEO makes $14.2 million a year. That is ridiculous. President Obama needs to address that disparity, as these CEOs are making more than the doctors, who do the bulk of the work with the assistance of nurses.

At most, said CEOs should be making $100,000 per year and the remaining $14.1 per person, could go to actually caring for sick people.

Health Insurance CEOs Pocket Average $14.2 Million

Earlier this week, we brought you the disturbing news that more than one-third of all Americans went without health insurance for long periods of time during the past two years—mostly because they couldn’t afford the high cost.

Today’s heath insurance news goes way beyond disturbing. It will make you downright angry.

In 2007, the CEOs at the top seven for-profit, private insurance companies pocketed an average of $14.2 million in total compensation. Or as our friends at Insurance Company Rules calculated, the equivalent of the average annual cost ($12,680) of health insurance for 1,127 families of four. Click here for a chart showing the pay of the top seven CEOs.

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