Sunday, December 06, 2009

Our Newest Ignorant Dolt - Aetna CEO Ron Williams

Boy, they must think that, just because we've been distracted, away from the desk, that they can sneak through, with some terribly profound, incredibly awesome Ignorant Doltness, and we wouldn't notice.

With the entire country lit up in a conflagration over Healthcare Reform, the reams and truckloads of examples on how the Enormo Healthcare companies are ripping us off, throwing out our policies, denying coverage, up pops Aetna CEO Ron Williams.

Aetna Forcing 600,000-Plus To Lose Coverage In Effort To Raise Profits

In a third-quarter earnings conference call in late October, officials at Aetna announced that in an effort to improve on a less-than-anticipated profit margin in 2009, they would be raising prices on their consumers in 2010. The insurance giant predicted that the company would subsequently lose between 300,000 and 350,000 members next year from its national account as well as another 300,000 from smaller group accounts.

"The pricing we put in place for 2009 turned out to not really be what we needed to achieve the results and margins that we had historically been delivering," said chairman and CEO Ron Williams. "We view 2010 as a repositioning year, a year that does not fully reflect the earnings potential of our business. Our pricing actions should have a noticeable effect beginning in the first quarter of 2010, with additional financial impact realized during the remaining three quarters of the year."
Say What?

Did Williams really think that would go unnoticed?

Oh man ... We gotta get some signs printed ... Just hand them pre-printed directions ...

Ignorant Dolt Hall, right down here, Mr. Williams! ... Just pick any empty seat ...

Jim Moss, over on Firedoglake took note of Williams' shoe-store-in-mouth act;
Very impressive, Aetna! Not once in that quote did your CEO make reference to sick people, or people who might die from lack of coverage, or people who will go bankrupt trying to afford higher premiums. In fact, Mr. Williams didn’t let the concept of people and their pesky needs interfere at all with his important considerations of "business," "pricing," "results," "margins," "earnings potential," or "financial impact." No danger here of health insurance becoming something more than profit-seeking.

That there is still a debate, still an argument is beyond astounding.

The CEO of one of the largest Healthcare Insurers publically states that sick people are not on the agenda, just "results and margins."

If we called for Mister Wizard to help us, he probably wouldn't hear it, being busy vomiting, sick to his stomach

John Avarosis, on AmericaBlog has the right idea;
At the very least, the health care reform legislation should be amended so that it goes into effect immediately, rather than in four years - that way this kind of abuse can be stopped now.

We can only hope, Aetna CEO Ron Williams, that in 2010, you don't lose your mojo, and continue showing off your gigantic Ignorant Doltness, that you have "historically been delivering."

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