Thursday, September 10, 2009

Best Healthcare System In The World!

Not even close to the best. Hat tip to Bob Cesca for this new story about Blue Cross Blue Shield's generous bonus givings to their corporate executives.
Of the $418 million in Blue Cross Blue Shield's administrative expenses over the past five years, a state audit found "millions and millions of dollars in excessive expenses."

The audit also found that Blue Cross Blue Shield funded nearly $15 million in employee bonuses that were almost assured regardless of performance, a $3.5 million investment in a hotel in Fargo and sales reward trips to resorts totaling $1.2 million.

In one case, the audit found that $34,814 was spent for a party for a retiring vice president.

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