There is no meaningful connection! CEO pay does not drive up the cost of health insurance.
The media and advocates for a Medicare-for-all concept reinforce the notion that a cause for growing premiums is the salary of CEOs. That is not true.
The cost of medical insurance continues to rise and will get even worse with the Republican attacks on our health care system.
As a senior citizen with Aetna supplemental insurance, my co-pay has tripled from $10 in 2013 to $30 in 2016. Aetna’s CEO’s salary was $18 million in 2016—up more than 8 percent from 2015. His salary is typical. If we can find a doctor to head up the Center for Disease Control for $375,000, why are our health insurance executives making 10s of millions?
State Sen. Terrence Murphy and Assemblyman Kevin Byrne, what have you done to protect us from excessive executive salaries driving up the cost of health insurance?
CEO pay, in fact all compensation, is an insignificant part of health insurance premiums. And, in the case mentioned above, the company derives it’s income from sources beyond health insurance.
What are celebrities, sports stars, media executives, college coaches, ex presidents and many others making tens of millions? All of which directly impact what average people pay for various services.