Thursday, February 25, 2010

One Percent: Day One.

What's this about? Click here for more explanation.

Wellpoint, which runs Anthem Blue Cross, wants to raise rates on health insurance premiums by as much as 39% in order to make more money. Don't believe me? Read their inter-company email, given to Congress the other day:

Did you get that? To return to 7% profit. Return to. Because a 5% profit of greater than $2,000,000,000 wasn't enough.

(Wellpoint's CEO Angela Braly earned $9,844,212 in 2008 -- on top of the $9,094,271 she earned in 2007. There's no breakdown of how much of that was compensation for selling her soul.)

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