The information they are talking about below is the executive salaries of Blue Shield of California .
“We are paying these salaries with our premiums” Isn’t it curious that we are obsessed with the pay of these CEOs, but don’t give a darn about the effect of CEO pay on the price of a smartphone, 52 inch TV or our new car (or college tuition)?
In the Blue Shield example the CEOs total compensation is equal to $0.87 per member per year. Yeah, your premiums are paying their salary.
Still don’t believe a dollar spent on health care is very different than the same dollar spent on anything else? That’s because nobody thinks they should spend their money on health care‼️
“This is the kind of information that should have been forthcoming from Blue Shield a long time ago,” said Anthony Wright, executive director of Health Access, a consumer advocacy group. “We are paying for these salaries through our premiums.”