October 5, 2009

Is WellPoint the Worst Corporation in America?

WellPoint, the nation's largest health insurer which pays its CEO roughly $9.8 million, announced that it is cutting back on the health benefits it offers to its own employees. WellPoint also announced that it will eliminate some jobs at the company, while raising deductibles and premiums for some of its employee health benefits.

Netting $2.5 billion in profits last year wasn't enough for WellPoint, the nation's largest insurance company ... now, WellPoint's affiliate, Anthem Blue Cross and Blue Shield, is suing the state of Maine for refusing to guarantee it a profit margin in the midst of a painful recession.

Health insurance companies are truly screwing the American people as they seek to avoid health care reform in our nation. Methinks that these companies are choosing profits over health and life. What say u?