In the memo from Randy Brown, Wellpoint’s chief human resources officer, the company said it would lower its contribution toward worker premiums and raise deductibles in two of its three benefit plans. “Your cost per paycheck will probably increase,” the memo said. Wellpoint has 42,000 employees. - More here.
Meanwhile, Wellpoint is suing the state of Maine for not allowing the company a built in 3% profit margin.
Anthem, a subsidiary of Indiana-based insurance giant Wellpoint, had requested an 18.5 percent rate increase that would support a 3 percent profit this year for policies sold to individual Mainers who are not covered under employer-sponsored group policies. Kofman’s decision reduced the average increase to 10.9 percent. - More Here.
And that profit margin they want won't go to actually saving Americans lives...it will go to pay for their executive salaries and "overhead."
...in 2006, executive compensation for the nine highest-paid administrators in Maine totaled more than $4.3 million, averaging almost $500,000 per executive.
How's that for a 'fine kettle of fish', eh, boys and girls?!
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