At least someone in Philadelphia's doing OK in this economy
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At least someone in Philadelphia's doing OK in this economy
This is a lot of co-pays, huh?
Ed Hanway, CEO of Cigna, one of the nation’s largest health insurance companies, will step down at the end of this year, in just over a week. When he does, he’ll get $73,200,000 as compensation for a job well done.
What makes Hanway worth $73.2 million? Well, for one example, he’s presided as Cigna denied a liver transplant to 17-year-old Nataline Sarkisyan, causing her death and widespread outrage.
It was funny reading all the comments today on the Bob Herbert column, about all we have to do is lift all the shackles on our free enterprise so they'll hire lots of people and end unemployment and cure cancer and do great things in the process. As Hemingway once said, isn't it pretty to think so. Here's your reality-based world: Obscene golden parachutes. And here's another Philadelphian, Cigna-exec-turned-whistle-blower Wendell Potter, talking about the darkest moment of the Hanway era at Cigna:
"nobody should profit from your or my illnesses." By this logic, doctors and nurses should operate at "cost".— RG- To go further, no one should profit from hunger, so food manufacturing, etc. should be non-profit. No one should profit from homelessness, so housing should be non-profit.— RG
- The marginalized minority Hates Americans but they Love Money.— E.Plebnista
- Hey, Will, do a little rudimentary research. "CIGNA notes that it had no financial stake in the decision to authorize the transplant because it merely administers the insurance plan of the parents' employer and would not bear the cost of any operation." What prevented the Baylor Institute from performing the transplant at its expense instead of hiding behind CIGNA, which only administered the health plan? Another "big, bad insurance company" column. You really should have made a New Year's resolution to be more creative.— pj katauskas
Comment removed.- The denial of treatment in one case overlooks how many others have affordable coverage from Cigna. Life is not fair. Get over it.— rudytbone
- xi_lives: exactly on point. Who should judge the "morality" of anything?— phillyjeffsr
- Comment removed.
- 88, I hope you're kidding about running CIGNA out of Philadelphia. You have any idea how many jobs the City would lose? Philadelphia's tax structure is already running businesses out of town and discouraging new ones from moving in. We don't need moralizing about exec pay to lose even more jobs.— pj katauskas
- Comment removed.
- The only thing worse than golden parachutes, is businesses who borrow money and then refuse to pay it back. Same as stealing. Just ask the Inky/DN leadership about their fight to not allow banks to apply money they lent the Inky/DN to the bid price for the Inky/DN. Its called credit bidding.— E Plebnista
- SAFETY ALERT--STAND CLEAR LADIES AND GENTLEMEN-- while the Hussein administration implodes before our very eyes. Not a moment too soon. And may I be the first here to wish Dodd and Dorgan and Reid (whether he knows it or not) a very happy retirement. Glad to see you go. Looks like President Sarah Heath Palin will have a Republican Congress. Who'd a thunk it?— WriteWinger
- Comment removed.
- "What prevented the Baylor Institute from performing the transplant at its expense instead of hiding behind CIGNA, which only administered the health plan?" Good point, any doctor could have performed the surgery pro bono. They didn't thought. The parent's employer never offered to cover the costs, either. Plus, Cigna did end up offering to pay out of pocket, instead of charging it to the employer. Note that Nancy Pelosi and Harry Reid did not offer to pay.— RG
- "The marginalized minority Hates Americans but they Love Money." Tell that to the senators who had to be bought off to vote for hc reform.— RG
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