Comments on: Should the government limit health insurance CEOs’ pay? http://healthcare-economist.com/2007/03/06/should-the-government-limit-health-plans-ceos-pay/ Thu, 09 Feb 2012 08:10:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bill mcguire united health care salary | Beaty and Health http://healthcare-economist.com/2007/03/06/should-the-government-limit-health-plans-ceos-pay/comment-page-1/#comment-12073 bill mcguire united health care salary | Beaty and Health Thu, 21 Apr 2011 14:11:17 +0000 http://healthcare-economist.com/2007/03/06/should-the-government-limit-health-plans-ceos-pay/#comment-12073 [...] Healthcare Economist В· Should the government limit health … Mar 6, 2007 … Healthcare Economist reported on UnitedHealth Group CEO William McGuire's $125 million worth … If the U.S. government was to limit health plan CEO salaries to $5 million dollars … [...] [...] Healthcare Economist В· Should the government limit health … Mar 6, 2007 … Healthcare Economist reported on UnitedHealth Group CEO William McGuire's $125 million worth … If the U.S. government was to limit health plan CEO salaries to $5 million dollars … [...]

]]> By: Danny http://healthcare-economist.com/2007/03/06/should-the-government-limit-health-plans-ceos-pay/comment-page-1/#comment-216 Danny Wed, 07 Mar 2007 17:34:22 +0000 http://healthcare-economist.com/2007/03/06/should-the-government-limit-health-plans-ceos-pay/#comment-216 I've been thinking about too, and thank you for putting the numbers out there for analysis. However, I think that there's an assumption in your calculation that, if considered differently, may lead you to a different conclusion. Within a large group of people who need health care and health insurance, a small portion of them have a disproportionately large portion of the costs (those that need chemotherapy, surgery, expensive medication, etc.). If that 120 million dollars went to a smaller percentage of the 50 million people, there would be a quite a few more claims covered. Also, the health insurance compainies tend to not reinvest in the healthcare industry. If the 120 million dollars provided, for example, incentives for private practices to use health information technology (and insurance companies actually used it themselves to help physicians and patients track claims just like we can track USPS packages), insurance companies would cut on administrative costs and maybe even save on 'medical losses'. As for the potential 'brain drain', maybe the healthcare system would look a little different if the insurance companies attracted CEOs who cared more about healthcare then about gettting a $125 million compensation. I’ve been thinking about too, and thank you for putting the numbers out there for analysis. However, I think that there’s an assumption in your calculation that, if considered differently, may lead you to a different conclusion. Within a large group of people who need health care and health insurance, a small portion of them have a disproportionately large portion of the costs (those that need chemotherapy, surgery, expensive medication, etc.). If that 120 million dollars went to a smaller percentage of the 50 million people, there would be a quite a few more claims covered.

Also, the health insurance compainies tend to not reinvest in the healthcare industry. If the 120 million dollars provided, for example, incentives for private practices to use health information technology (and insurance companies actually used it themselves to help physicians and patients track claims just like we can track USPS packages), insurance companies would cut on administrative costs and maybe even save on ‘medical losses’.

As for the potential ‘brain drain’, maybe the healthcare system would look a little different if the insurance companies attracted CEOs who cared more about healthcare then about gettting a $125 million compensation.

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