In my opinion, the pricing practices of the pharmaceutical companies/cartel, the health insurance companies, and the national health care providers, hospitals and clinics make the mafia look like honest business people. In most cases, you have no idea at all about the cost of services at most hospitals, labs and clinics at the time their service is provided and needed!
When it comes to the total CEO compensation of these gangsters, there is no moral limit. Let's take a brief look at CEO compensation of some large pharmaceutical companies and healthcare providers in 2014 as compared to the average worker's wage of $35,239 in the U.S.
(Note: I only selected five that were at the top of the list. Many more, like Pfizer, are further down the compensation list of shame.)
Leonard S. Schleifer, M.D., Ph.D
Regeneron Pharm. Inc.
Total Compensation: $41,965, 424.
1191 times the average worker's wage
Jeffrey M. Leiden
Vertex Pharm. Inc.
Total Compensation: $36,635,468.
1040 times the average worker's wage
Larry J. Merlo
CVS Health Corp.
Total Compensation: $32,350,733.
918 times the average worker's wage
Bristol Myers Squibb Co.
Total Compensation: $27,062,382.
768 times the average worker's wage
Wayne T. Smith
Community Health Systems Inc.
Total Compensation: $26,441, 382.
750 times the average worker's wage
While workers produce the products and provide the services that generate wealth, it is the capitalist class that collects and accumulates that wealth. There is no equality under capitalism … only tyranny.