It’s a banner day when you get a gig that pays an average yearly salary of $17.3 million. Estates are born, multiple homes are purchased, first class vacations are taken – throw in a few other expensive extracurricular activities of whatever secret depravity you might have, along with no worries for life if you handle such a meager yearly salary properly, and voila…you’re the shyte in many universes.
Sad, that as a CEO of this type of corporation, you have to look upon the working plebeians across the country trying to subsist on a median household income in 2016 that was a $56,515 – an amount that you make in a day. It’s disconcerting, but maybe for a fleeting second or two because, after all, your company in the business of savings lives.
Since the Affordable Care Act (ACA) passed in 2010, the “CEOs of 70 of the largest U.S. healthcare companies cumulatively have earned $9.8 billion,” according to a report by Axios‘s Bob Herman.
But surely, these healthcare CEO mensa’s earn every penny of their deep dish salaries, right? After all, their companies are in the business of saving lives and such a yearly salary is needed to keep the wheels of affordable and effective health care greased and available to the working class.
Thanks to Obamacare, millions of Americans now have a health insurance plan. Attracted by the lower monthly cost, many people are choosing for the bronze and silver plans, which can carry deductibles of up to $15,000. According to a poll by the Kaiser Family Foundation, nearly half of Americans already have difficulty paying for an unexpected $500 bill. The most widely used Obamacare health plan, however, has a deductible of $6,000 for an individual and double the amount for a family, which is an 18 percent spike compared to 2014, reported Reuters. – naturalness.com
A $6,000 deductible…for an individual! But it’s cool. We need to pay such an exorbiant deductible because these healthcare companies need it as they’re in the business of saving lives. And if healthcare industry can’t help in saving your life from a smorgasbord of diseases, don’t worry – they’re there to help you to the “other side” with a gentle push toward euthanasia to avoid paying disease treatment coverage costs. After all, they’re in the business of saving lives.
For the first time in more than two decades, life expectancy for Americans declined last year — a troubling development linked to a panoply of worsening health problems in the United States. – washingtonpost.com
We might expect better health and healthcare given the “miracles” of vaccines, pharmaceutical offerings, GMO’s and poisoned water, to name just a few of the modern day health and medical wonders forced upon us but it appears such is not the case. Pharmaceutical commercials with smiling faces, relieved family members and butterflies flying about portray life will be good if you just “ask your doctor” about the latest pill you can take to combat such an unhealthy environment. Just don’t listen to the list of side effects from the soothing voice with those beautiful butterflies flying about.
Perhaps the most consequential component of healthcare CEO pay, Mr. Herman observes, is the fact that “a gigantic portion of what CEOs make comes in the form of vested stock, and those incentives drive their decision-making.”
This means that CEOs are incentivized not to take actions that would benefit the healthcare system overall, but rather to “inflate stock prices” using methods “such as repurchasing shares or issuing dividends to shareholders.” – antimedia.org
But not to worry – they’re in the business of saving lives…and the butterflies sure are beautiful.
Photo credit: By HandGrenadePins (Own work) [Public domain], via Wikimedia Commons