UHC Hemsley Stepping Down but Not Too Far

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Valued Social Butterfly
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Re: UHC Hemsley Stepping Down but Not Too Far

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@ReTiReD51 wrote:

If we had a Medicare like single-payer healthcare system this annual revenue of $184.8 billion would go to support the federal single-payer system instead of into the pockets of the insurance industry and its shareholders.


Guess that will depend on what, if any, roll private health insurance plays in the overall concept.

 

(Large) Health Insurance Companies have a vast array of products plus they also make money doing contract and management work for the government -

 


* * * * It's Always Something . . . Roseanne Roseannadanna
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Re: UHC Hemsley Stepping Down but Not Too Far

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If we had a Medicare like single-payer healthcare system this annual revenue of $184.8 billion would go to support the federal single-payer system instead of into the pockets of the insurance industry and its shareholders.

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UHC Hemsley Stepping Down but Not Too Far

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Hemsley became CEO in 2006 and grew the company into the largest publicly traded health plan with annual revenue of $184.8 billion and 49.5 million members."

 

That's quite an accomplishment - no wonder they treated him well.

 

Modern Healthcare Business News 08/16/2017 - Hemsley Stepping Down

 

He has a new job specifically created for him.  From the link - "Hemsley, who has been with the health plan since 1997, will remain with the insurer in a newly created role as executive chairman of the board of directors."

 

So I guess he is happy - And he is 65 and has to register for Medicare Woman Wink


* * * * It's Always Something . . . Roseanne Roseannadanna
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