Health Insurer CEOs Donating Their 2020 Salaries and Bonuses to Frontline Health Care Workers!

This story is unbelievable. The CEOs of the eight largest publicly-traded insurance companies, who made $143.5 million in total compensation in 2018 (2019 numbers are not out yet), will be donating ALL of their salaries and bonuses to the healthcare workers who are on the frontline during this pandemic. Each one of them has agreed to take $1 in total compensation for the upcoming year.

“It’s the least we can do”, said UnitedHealth Group CEO David Wichmann, “I mean they are putting their lives on the line while we sit here doing nothing and getting rich. It was never fair so we decided to do something about it personally”.

Bruce Broussard, CEO of Humana, chimed in, “I can’t agree more. This whole situation has me rethinking not only my life but the lives of those who are getting sick trying to help others. Maybe we shouldn’t be getting paid this much?”

“I don’t want to live like this anymore”, said Gail Boudreaux (CEO of Anthem), “My guilt was killing me. When this was brought up by the others I was like, hell yeah, let’s really help people. I don’t need another boat. I don’t need another plane. What is important are these doctors and nurses and other workers trying to help the COVID-19 sufferers”.

The CEOs and their respective companies have also agreed NOT to raise any premiums over the next two years due to the financial strain that the pandemic has put this country through. Lastly, each insurer, on this date, has agreed to give a three-month moratorium on making customers pay their insurance premiums. That way people are not choosing to pay for insurance versus paying for food.

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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] 

  8 comments for “Health Insurer CEOs Donating Their 2020 Salaries and Bonuses to Frontline Health Care Workers!

  1. Mamadoc
    April 1, 2020 at 8:06 pm

    Doug, I know what day it is.

  2. arf
    April 1, 2020 at 4:14 pm

    The Health Department told me all I needed to go to the supermarket was to wear a mask and gloves.
    They lied.
    Everybody else was wearing clothes.

  3. Dave Mittman
    April 1, 2020 at 1:49 pm

    April Fools……

  4. Bridget Reidy
    April 1, 2020 at 1:07 pm

    You could have mentioned their remorse on not getting on top of the PPE problem until far too late as well.,

  5. R Stuart
    April 1, 2020 at 11:41 am

    In other news today, the AAFP has declared so-called “value-based payment” to be an evidence-free insurance scam that is harming patients and physicians. They state that the only ethical practice is payment by the patient at the time of service.

  6. Tiffanny Blythe
    April 1, 2020 at 9:56 am

    That was dirty, Doug ?

  7. PW
    April 1, 2020 at 8:29 am

    As soon as I saw hospital CEO and donate in the same sentence I knew something was not right.

  8. Loy Graham
    April 1, 2020 at 7:54 am

    April Fools, right?

Comments are closed.