NinjaguyDan said:
The the whole idea of a trigger mechanism is total bullshit.
Why do I say that?
I'm glad you asked.
The way I see it, given the current debate over health care reform, in the mid to late 19th century vernacular, "that trigger has done been pulled".
From what I've heard, $400,000,000,000 (yes FOUR HUNDRED BILLION DOLLARS) a year are siphoned out of the system for executive pay (must be nice to get money you haven't WORKED for) and dividends to stockholders.
I posted this list in another thread, these are JUST the CEOs of the six worst offenders:
Stephen J. Hemsley UnitedHealth CEO
2007 Compensation $13.2 million
2008 Compensation $3,241,042
Total Value of Unexercised Stock Options $744,232,068---WTF?!?!?!?
2009 Options Exercise $127,001,281
Edward Hanway CIGNA CEO
Five-Year Compensation, as of April 30, 2008
$120.51 million
Total Value of Unexercised Stock Options
$28,881,000
Michael McCallister Humana CEO
2007 Compensation $10.3 million
2008 Compensation $1,017,308
Five-Year Compensation Total $15.1 million
Total Value of Unexercised Stock Options $60,865,194
2006 Options Exercise $22,294,710
Ronald A. Williams Aetna CEO
2007 Compensation $23 million
2008 Compensation $24,300,112
Total Value of Unexercised Options $194,496,797
Allen Wise Coventry CEO
2004 Compensation $13,052,799
2006 Sale of Stock $14,458,251
2006 Options Exercised $2,895,000
2005 Sale of Stock $46,410,695
2005 Options Exercised $6,709,564
2004 Sale of Stock $12,826,756
2004 Options Exercised $4,798,000
Angela Braly WellPoint CEO
2007 Compensation $9,094,271
2008 Compensation $9,844,212
2006 Sale of Stock $4,858,585
2006 Options Excerise $4,566,124
(Then add in the pay and perks for all of the junior and senior executive parasites plus stockholder dividends)
Now, I'll ask YOU a question: how is that right? Those people have to be absolute sociopaths to think that they desreve what they're getting paid.
It looks like a ponzi scheme to me. The health care system is riddled with parasites.
Under a government run single-payer system those expenses are eliminated thus freeing up FOUR HUNDRED BILLION DOLLARS A YEAR.
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