Bring down costs of HC by mandating no CEO salary exceed

[napi21]

$1,000,000, cap bonus & or Stock Options at 3%, and ban TV/media advertising of prescription drugs.

I haven't com
As an additional bonus, none of us wouold have to be constantly inundated with all those stupid ads!

[Eric J in MN]

1. 3 percent of what? NT

NT

[napi21]

4. Bonuses are usually based on company profits. That's after taxes & all other expenses

such as pr, individual bonuses, etc have been accpunted for.

[Turbineguy]

2. What's wrong with income set to General Practitioner?

[Jack Rabbit]

3. How is capping the CEO's bonus and salary going to lower the cost of HC?

Am I being dense, or am I correct in seeing no connection?

[Eric J in MN]

7. Less money to executives may mean more money for treatment for the customers. NT

NT

[napi21]

8. It takes HIGH PROFITS to pay the multi million $$ salaries

these folks collect. If thes salaries are capped, the inducement to raise insurance rates & refuse to pay claims are dramatically reduced.

[Jack Rabbit]

11. I disagree with both of you

First of all, the proposal to cap salaries, etc., was made without regard to industry, but no matter. It won't even help to cap HC provider CEO's salaries. You and I won't see any difference in the way the insurance companies do business. They'll still jack up rates and deny coverage. The CEO may not be too happy to have his compensation capped, but investors may see a few pennies more in their dividend checks.

The problem is one that is systemic with financial capitalism. You seem to think the CEO is an absolute monarch. That isn't true, but neither is it true that he has the best interests of consumers at heart. He is responsible to stockholders. They invest and expect a return on their investment. If they deem that return too modest, then they'll invest in something else. The satisfaction of the customer doesn't figure into this equation.

It may be a good model for a competitive industry, but there aren't very many of those any more. For delivering health care or water and power, it's a terrible model. That's why I believe a single payer system is the best system for health care. If the quality of heath care leaves something to be desired, tell your congressman about it or vote him out. This is something that belongs under as much direct control of the consumers as is possible, not corporate bureaucrats, no matter how much or how little they're paid, or private investors, who must necessarily get a high return.

Single payer may not be in the cards this time, so I'll take a public option. If I weren't already on Medicare (I'm disabled), I'd switch from private to public health insurance as soon as possible. The problem isn't the CEO, it's private investors. They're the ones who either have to be persuaded to accept less (fat chance) or just be dealt out when it comes to health insurance.

A health care reform bill without a strong public option at a minimum is insufficient reform at best. Without it, the health care consumer will continue to get a raw deal as the resources needed for the end product are diverted into returns for investors.

[NYC_SKP]

5. NO. That's way too fucking much money, and fuck stock options.

Ever hear this bullshit meme?:

"We have to pay that much to get the very best, you DO want the very best, don't you."

Bullshit.

If they want to be a player in the Publicly Funded (whatever it is) program, they need to take a flat salary under $500,000 and any additional perks be under %5 of that salary.

What did high salaries get us AIG fundholders?

Fuck that shit, there are plenty of brilliant minds who will work for less.



Wanting and getting a high salary are practically GUARANTEES that you'll get the WRONG people in there!

:mad:

[Oregone]

6. Hurray. More fucking bandaids

There are more direct ways to bring down the cost of health care, but lo and behold, dissent is not always welcomed

[Cleita]

9. Better make them keep their administrative costs to 3% like Medicare does and

make them be non-profit. That would force a lot of the abuse to stop.

[NYC_SKP]

10. And pay the director $150,000/yr.

Watching the Weiner Scarborough interview...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x355908

[timeforpeace]

12. Brilliant! We're not known as the party of intellectuals for nothing.

[abumbyanyothername]

13. I recently made the argument for cap and floor

earnings for all persons and entities.

Floor of $10K per person, cap of $1 million per person (including corporations, although under my rule corporate dividends count as expense).

As usual, I was shouted down by the brainwashed capitalists in the crowd.