.Yep, and they can still afford to pay their CEOs a lot more money than the average CEO in this area earns.
here's a link to what the top 50 executives our area earn. The average is $800K plus. Now look at the CEOs of the
two largest Blues here: Joe Frick gets $2.7 million and Ken Melani gets $3.6 million.
I don't disagree that many executives are overpaid. That said, again.... are you comparing apples to apples?
Out of those top 50 companies in your area.... how many employees do each have? Which industries are they in? etc...
To be frank, those salaries of the CEO's you posted are not that high.
What should the profit margin of a non-profit organization be?
Technically, it is not called a profit margin with non-profits, they are called surpluses. Any money that ends up in the black gets put back into the company in the current year or is a carry forward to the next years business. It is not distributed to any shareholders or owners. The IRS is very particular on how they tax non-profits. If the revenue generated is in relation to the goal of the non-profit, then it is not taxed. If the non-profit earns money that is not related to its goals, then it MAY be taxed.
I never claimed to be a financial expert or money manager but one thing I know for sure is that nobody smart stays in a business if they're losing money. Maybe you can tell me the name of a health insurer who went bankrupt for being too generous to clients, because I sure as heck haven't been able to find one.
Except for our government of course.
As for the health insurers.... you will not find one that went bankrupt. The reason being that when an insurer is in danger of bankruptcy, typically another firm will come in and buy the firm and its assets.
That said, I never stated they don't make money. I stated that they are not raping us as Desh likes to put it. They have been making consistent profit margins for the past century. They tend to fall in the 6-8% range, though lately they have been LOWER than normal due to increases in costs.
I hardly believe this applies only to the left, or that the right is totally content with with regular premium increases.
I don't think anyone likes the premium increases. My point there was to tell Desh to quit being dishonest. The reference to the 'left' was in regards to their constant misuse of data. the same thing they did with the oil companies.
I bitch about them because of the randomness of their decisions on who and what gets covered. And I bitch when I read that non-profit executives get twice or three times the compensation of for-profit executives.
I would like to see the data that shows non-profit execs getting 2-3 times the salary of their for profit counterparts.
I also bitch when conservatives tell me I (the people) want to have everything covered and pay nothing. We the people are paying hundreds a month just for the coverage in addition to co-pays for using the services or filling prescriptions. No insurance company ever gave me a cafeteria menu of items I can select or drop from the plan, and I could save the company money if that were the case. I'm thin, have excellent health, low BP and good cholesterol numbers; in fact, the insurance company's dream client. I don't have a medical file eight inches thick, but all that was overlooked because of the migraines. So I don't need to hear some sob story about the poor insurance company and it's greedy customers because there are a lot of people out there like me getting screwed by their decision panels.
The above is PRECISELY the problem with corporate 'guaranteed coverage plans'. Those plans incorporate the things you want, the things your coworkers want, etc... That is why I stated we should revert back to individual plans that we must each qualify for.
Personally I do not use my company plan. I have the same deductible as their plan, but pay 1/3 the cost. The reason is that I went out and qualified for my own plan. you could do the same.
