The Florida Blue Cross reorganization proposal once again will test whether our government represents the people or the wealthy and their lobbyists. We in the 99 percent can be placed at a disadvantage by the one percent without good government to protect us.
It is hypocrisy for Florida Blue to pose as a non-profit organization. That it has run up a surplus of $2.8 billion is proof that it has not operated as a not-for-profit company. That it proposes to use 57 percent of that overcharge to create a for-profit arm adds insult to injury. Compare the pay of Florida Blue’s CEO, at $6.5 million per year, with that of the public servant who runs the Centers for Medicare and Medicaid Services, and you gain perspective.
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