Thursday, November 03, 2011

Your health care dollars hard at work

I'm sure this guy is worth it.  Not.

Fortune magazine lists the highest paid executives under 40 years-old, and there are the expected wunderkinds of the tech world, or communications or entertainment, but then there are the guys (and almost all are guys) in the insurance business, and specifically the health insurance industry. What possibly can a 39 yr-old, or anyone really for that matter, do in health insurance to earn $6.5 million per year? Did he invent a magic weight loss pill or figure out how to cure cerebral palsy? No. More likely he came up with some novel foolproof approach for denying claims on necessary medical care.

I can truly understand paying individuals who add value to a product or create wealth within society or can play shortstop, but health insurance executives do none of this. They are useless middlemen who shuffle money around and take a huge cut. I know of no highly trained physician who comes close to making a tenth of this Howdy Doody look-a-like's salary.  Atrocious.

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