EMO: Hostage Until I Bleed $$$$!!! Trying to Survive
Friday, March 7th, 2008
Blue Cross Blue Shield of Massachusetts is a nonprofit organization that is a health care insurance entity. The CEO was paid 1.36 million in 2006 and 3.6 million in 2007. The Chairman was paid 1.73 million in 2007. The former chairman received 16.4 million to retire in 2007. Average premiums increased 7.5 percent.
The CEO of Harvard Pilgrim was paid 1.38 million in 2007. The CEO of Tufts Health Plan was paid 1.19 million in 2007.
If the President of the USA can be paid a salary of $400,000 then that should be enough for any executive of a nonprofit regardless of revenues.
Since these organizations are acting like for-profits in the manner in which they run their organization compensations and incur costs should they be stripped of their nonprofit status?
The states should allow access to the nonprofit organizations to have their employees be on the state medicare system for a flat fee per month. This will give the medicare and nonprofit system better pricing options.
The other option is to have nonprofits create a cooperative insurance company that they have better control over for costs and benefits.
Health care insurance and medical expenses should not have to make you bleed money as well!!!
