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NC: Health Insurers Make Money Off Sick People
28 Jul 2009 by Tessie in Federal Issues, Home Page, Issues / No Comments
At last week’s SEANC rally on health care reform, Cheryl Moon stood outside the Sheraton Hotel with a poster of Bob Greczyn, CEO of Blue Cross Blue Shield of North Carolina.“Bob runs our health care plans. He’s the guy who makes all the money off of sick people,” said Cheryl.
Like many others, Cheryl laments the soaring health care premiums that pay for unnecessary testing and executive paychecks and bonuses, such as Bob’s lucrative $4 million salary. Blue Cross Blue Shield in particular has a strong grip on North Carolina’s health insurance market.
“It’s the monopoly we don’t like,” said Cheryl. The monopoly offers consumers almost no choice in health insurance except to bear the outrageous costs of health care packages. And the greatest irony is that Blue Cross was founded as a nonprofit company to help keep down health care costs for patients. They’ve come a long way since then.
“[SEANC employees] are here to protest the fact that [health insurance executives] make big money off of sick people,” says Cheryl. “They have no heart, really. It’s just greed and we’re tired of it.”
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