OUR HEALTH COVERAGE VENDOR is one of those MANY corporate giants who like steal...now they are paying millions in fines. Gee, I wonder why our costs for health coverage go up? Do you think it might be to pay fines such as this? This system sucks ... ...eggs. In the era of corporatism, ballooning since 9/11, we have a government that protects these robbers while we continue to pay higher and higher costs for health coverage. I once thought that Obama and previously Hillary might do something about this...but lately, Obama seems to be moving to a position on the political spectrum that continues to protect these insurance scam artists and at our expense. John McCain is even worse.
NEWS ALERT
from The Wall Street Journal
July 2, 2008
UnitedHealth reached a $895 million settlement with California Public Employees' Retirement System and Alaska Plumbing and Pipefitting Industry Pension Trust in a federal securities class-action lawsuit related to stock-options backdating.
The health-insurance titan was one of the largest corporations to become ensnared in the backdating scandal, in which dozens of companies manipulated the dates that options were awarded, in order to give recipients a chance to reap additional compensation.
UnitedHealth also scaled back its earnings forecasts for 2008.
FOR MORE INFORMATION, please see:
http://www.wsj.com?mod=djemalertNEWS
