Last night, Humana CEO Mike McCallister addressed Greater Louisville Inc’s annual dinner. So Americans United for Change took that as an opportunity to hit hard.
From a release yesterday:
Tom McMahon, Acting Executive Director, Americans United for Change: “Humana’s profits soared by a staggering 61 percent last year, and CEO Mike McCallister was compensated millions. But Kentucky families insured by Humana and are struggling to keep up with rising health care costs deserve a straight answer from McCallister: how much profit is enough? Humana has spent millions trying to kill reform so they can continue excluding coverage to people with pre-existing conditions and dropping policy holders when they get sick. And with the news that insurance giant Anthem Blue Cross is gouging their policy holders with a staggering 39 percent hike in premiums, Congress needs to act quickly before Humana and others follow suit and start demanding massive rate increases – taking full advantage of their virtual monopoly status and shaking down working families for every dime they can get.”
- Humana’s Profits Soared by 61 Percent in One Year to $1.04 billion. Excerpt from ‘Big Insurers Break Profit Records,:’ a new report from Health Care for America Now: “Humana, based in Louisville, Ky., reported that 2009 profit rose to $1.04 billion, a 61 percent increase from a year earlier. Enrollment fell by 147,000 to 8.33 million. Membership in private plans declined by 220,000 while government supported plans added 73,000 members. [HCAN report ‘Big Insurers Break Profit Records,’ February 2010]
- Humana spent $3.2 million in 2009 lobbying to kill health insurance reform Excerpt from ‘Big Insurers Break Profit Records,:’ a new report from Health Care for America Now: “Humana spent $3.2 million last year to lobby in Washington against comprehensive national health reform proposals.13 Since 2007, the insurer’s political action committee and its employees have made $747,000 in political contributions to advance the company’s interests.” [HCAN report ‘Big Insurers Break Profit Records,’ February 2010]
- Humana CEO Michael McCallister was compensated $4,764,309 in 2008. [Fierce Healthcare, 5/14/09]