United Health Care issues in the news once more...BD
MINNEAPOLIS - To dramatize the need for health care reform, several organizations will demonstrate Tuesday outside the annual shareholders meeting of United Health Group.
The demonstration will start at 9 a.m. Tuesday, May 29, at the Minneapolis Convention Center, 1301 Second Ave. S., Minneapolis.
The event will "decry the gap between need and greed as United Health Group CEO William McGuire, his replacement Stephen Helmsley, and other Minnesota HMO executives bilk billions in stock options derived from denying health insurance to half a million Minnesotans," organizers said.
United Health Care is the largest HMO in the United States and McGuire was the highest-paid CEO in Minnesota history, with stock options totaling $2 billion. Helmsley, who replaced McGuire, has stock options in excess of $750 million. In contrast, the chief of Medicare, a single-payer system with the largest enrollment in the United States, makes $150,000 a year.