This mornings Courant had a story about the CEO of Traveller's, Jay S. Fishman, and his annual compensation package of $30.29 million for 2014.It must have been a bad year because prior to that he took home almost $44million. Aetna's CEO Mark Bertolini was compensated $36.3million for the year ending 2012.I know Traveller's main product line now is not health insurance, but in the same edition of the Courant was a story about a woman that had to stop taking blood pressure medication because she couldn't afford the cost.You can read that article here. Bertolini has also been in the news lately for actually taking care of his employees and raising their minimum wage pay.
People should not have to make a decision between their mortgage or buying medication when CEO's are taking home millions of dollars in compensation. It is not just Insurance, but many other commodities people are struggling to pay such as electric bills.
Instead of everyone proclaiming "Obabamcare" as a success, maybe they should talk to the woman not taking her blood pressure medication and asking her opinion if it is working. Do it soon though before her stroke happens and she may be unable to respond or answer anyone. What will it cost us to care for her at that point? Probably far more than the preventative or maintenance cost if she was taking her medication.
No one should have to clip coupons like they are buying a six pack of Pepsi to be able to purchase life saving medications. Especially not while the insurance industry thinks nothing of giving multi million dollar compensation packages.
I have a very generic and widely used medication I take for type 2 Diabetes. I also have a great pharmacist at CVS that looks for coupons and savings whenever I order the medication ( Thanks Marta). She had encouraged me to sign up for a CVS savings plan that essentially covers most generic refills for $14.99 for a 3 month supply. The savings card is $12.99 per year.
Last year the card had expired when I refilled and when I picked up the prescription , imagine my surprise when the cashier rang up the refill and told me it was $240.00.She asked if I had Insurance coverage and at the time I told her no, but I had the CVS discount plan. That's when she told me it had expired, did I want to renew it. Definitely yes I answered. Several minutes later I was leaving with my $14.99 refill for 3 months, which just minutes earlier was $240.00. That is one hell of a markup.
It just goes to my point that the system is very broken and needs to be fixed and these compensation packages are immoral when people are struggling like this.