Monday, July 30, 2007

Why we need federal universal health insurance.

The judge overseeing a lawsuit against UnitedHealth extended his order barring former CEO William McGuire from exercising stock options, but he did allow the company to pay McGuire up to $3 million from an executive savings plan.

McGuire held stock options valued at $1.78 billion at the end of 2005, although that value has been hurt by a drop in the company's share price and repricing from the backdating controversy.
There is not a CEO on God's Green Earth that is worth that much money. And it all comes out of the premiums.

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