More United info from the WSJ

The Wall Street Journal has certainly been proactive in bringing to light the United Healthcare issues and I along with many other physicians am really ecstatic. In Tuesday’s edition they continue to expand on the potential illegal practice of how and when the CEO and others took their stock options.

The CEO William McGuire currently draws a salary of $8 million dollars plus bonuses. He has use of the company jet and has unrealized gains on stock options of $1.6 billion. This far exceeds those of Jack Welch (General Electric) or Louis Gerstner (IBM).

The WSJ ‘s analysis of the timing of 12 option grants that were taken between 1994 and 2002 found that if these grants were taken randomly, “the odds of their occurring at such propitious times were about 1 in 200 million.”

The healthcare crisis is a major problem in the United States. It is not hospitals and physicians that are raping the system. It is insurance companies and other corporate practices such as these that will be our downfall.

The people providing the services should be compensated fairly and corporate excess such as these should be eliminated.

Forecast for FLOYDS KNOBS, IN (on a scale of 1-12):
Today's allergy levels:
Friday - 9.1/High
Today's predominant pollen:
Oak, Maple and Sycamore.