Before We Cry for UnitedHealth

hemsley111214

I understand that no insurance company should be compelled to stay in the exchange if they are losing money but I do want to point out one thing:

Stephen Hemsley, CEO of UnitedHealth Group Inc.

Total compensation: $66,125,208 for the year ended Dec. 31, 2014

Salary: $1,300,000

Non-equity incentive pay: $3,949,000

Other compensation: $107,479

Exercised stock options: $45,569,049

Value realized on vesting shares: $15,199,680

New stock options: 83,918

Total 2014 shareholder return: 36.5 percent

Don’t you just feel for the struggles of this guy?

Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  5 comments for “Before We Cry for UnitedHealth

  1. Perry
    November 24, 2015 at 4:24 pm

    Nope, not crying for United or that guy.
    Crying for the millions of middle and lower class Americans who have been royally screwed by the ACA and this whole big mess.

  2. Bill Ameen MD
    November 24, 2015 at 9:16 am

    Nothing can convince me that any insurance company in history ever lost or loses money. They just pass on their expenses (like paying out claims for their customers!) to everybody else’s premiums. And when did we last see a CEO forgo his salary or stock options if things got tough, like I had to do for several months during the crash of 2009-2010 before I unloaded my practice on a hospital? I’m still paying back the money I borrowed against a whole-life policy mostly to meet the staff payroll needs first…all because we were being grossly underpaid and stretch-paid by damned insurance companies.

  3. John Parkin
    November 24, 2015 at 8:57 am

    What he also isn’t talking about is the $6.5 BILLION PROFIT that United posted for the first half of 2015. Obscene !

  4. Steve O'
    November 24, 2015 at 8:27 am

    I’m printing this article out and posting it in my clinic. There are SO many able-bodied 20somethings who’ve been looking for jobs for nearly a year – consider what they could achieve if they applied themselves!?
    Seriously – if a crack comes out between the generations, and the under thirties decide they’ve been screwed (true), and blame the Boomers and postBoomers (reasonable) ol’ Billy Hell might break loose. I recall when something like this happened in Europe, and Silly Mustache Man came to power.

  5. Ben Van Raalte
    November 24, 2015 at 8:17 am

    but… His predecessor received ONE BILLION in compensation. He was a pulmonologist who left medicine to work for a new HMO because medicine was too much work

    .. So he feels underpaid

Comments are closed.