They hate us for our freedom
Blue CrossBlue Shield
Cleve L. Killingsworth
As if we in the bottom 99% need any more PROOF that capitalism only works for the top 1%, this should put even Republicans’ teeth in a collective clench.
How many months of how many people’s monthly insurance premiums would it take to pay for this??? From Boston.com
Cleve L. Killingsworth, who abruptly resigned last March as chief executive of the nonprofit Blue Cross Blue Shield of Massachusetts, collected $8.6 million in compensation from the state’s largest health insurer in 2010.
The rich package — which included $1.4 million in severance pay, with more money to follow — was detailed in a Blue Cross filing with the state Division of Insurance yesterday. It touched off a volley of criticism at a time when government and business officials, including Blue Cross’s leaders, have been struggling to restrain health care costs….
Public interest advocates, pay specialists, and insurance customers were quick to call Killingsworth’s payout excessive.
“It sends the wrong message at the wrong time to consumers and employers,’’ said Jon B. Hurst, president of the Retailers Association of Massachusetts. “We’ve gone through years and years of double-digit premium increases. We need the health care industry in this state to start reflecting the rest of the economy.’’
It sends the wrong message is an understatement, this is IMMORAL and should be illegal. Why aren’t the Teabaggers and the Christian right up in arms about the fact that THEY themselves helped pay for this fat cat’s golden years? Isn’t this more of an affront than government borrowing or gay marriage?
This came DIRECTLY out of the bank accounts of the people of Massachusetts. There is no other way to spin it, is there? Maybe it was carved out of the savings from turning down organ transplants for children or something? There’s no math to do here, the people of Massachusetts paid for this. Incredible.
WHY IS THIS ALLOWED TO HAPPEN? WHAT DID THIS GUY DO THAT WAS SO GREAT THAT THOUSANDS OF THE “LITTLE PEOPLE” SHOULD PAY HUNDREDS OF DOLLARS EVERY MONTH FOR *HIM* TO RETIRE LIKE THIS?
WHAT SORT OF MAN-GOD IS THIS CLEVE L. KILLINGSWORTH?
I’m rather curious, aren’t you?
Via Daily Kos