Corporate Profiteering

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While medical bankruptcies skyrocket and coverage erodes, the profits of health insurance corporations are ballooning and their executives are taking home 8-figure salaries. In browsing the financial listings, I did not find a single health insurance company whose profits decreased any year since 2002
  • 2003 Salary of Wellpoint CEO Leonard Schaeffer: 11,895,355 [8]
  • 2003 Salary of Wellpoint CFO David Colby: 21,360,790 [8]
  • Gross Profit of Wellpoint in 2003: 4,930,928,000 [8]
  • Increase in profits over 2002.9: 803,478,000 [8]
  • Gross profits of United Health Group Inc in 2004: 10,218,000,000 [8]
  • Increase since 2003.9. 2,109,000,000 [8]
Last Updated - Thursday, 25 June 2009
 
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