Wednesday

Leslie Margolin and Fellow Blue Cross Executive Sociopaths Become Poster Children For Insurance Company Greed

Look upon the face of evil.

Who me? See Leslie Margolin act offended! See Leslie Margolin defend unconscionable acts of corporate greed as biz-as-usual (remind you of the Air Evac apologists?). Isn't this America? Who is George Bailey anyway and why are you picking on us? We deserve to make our shareholders happy, raise our own bloated salaries, put thousands of people out on the street without care, don't we? Don't we?

As Anthem Blue Cross President Leslie Margolin defended her actions and those of her company she sounded like the typical corporate automaton. So what if we're making a lot of money, it's standard for the industry. "Standard for the industry" ... can't you see the film someone will make of this in future? Perhaps they will split screen and compare Leslie Margolin's comments with those of Marie Antoinette on the eve of the French revolution. And make no mistake! We need one ... Are you listening, Mr. President? Nothing short of enforceable regulation will stop these people. Anyone who argues otherwise is ignorant, simply a fool, or a stooge of the industry.

Some facts about Leslie Margolin's company, from the Examiner:

Recently, California's insurance regulator found Anthem has committed more than 700 violations over the past three years, including late payment of claims and misrepresenting facts or insurance policies to consumers.

Meanwhile, Congressional Democrats found internal documents showing 39 executives got paid more than a million dollars and, in the last two years, it also spent $27 million on 103 executive retreats.

Anthem's reason for the rate hike, according to a press release: "Unfortunately, in the weak economy, many people who do not have health conditions are foregoing buying insurance. This leaves fewer people often with significantly greater medical needs in the insured pool."

And below is a video of Leslie Margolin talking about the need for Health Care Reform. Note her ability to avoid specifics and focus on rhetoric. And aside from their recent actions, keep in mind that she and her pals approved a $2 million advertising blitz that derailed a 2007 campaign to require all Californians to obtain health insurance and force insurers to issue policies to anyone, regardless of health:



1 comment:

  1. Anonymous6:40 PM

    You have it all wrong. Margolin and her staff wanted the bill to pass. They raised their rates so Democrats could point to her organization and say "See! We told you rates would increase!" There is no other explanation for the timing of their increase. Look at Margolin's political contributions at OpenSecrets.org.

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