August 7, 2005
PacifiCare exhibits all that is wrong with our healthcare system (PacifiCare Posts 20% Profit Rise for 2nd Quarter," July 29). Even though it successfully cut medical costs, it raised its premiums at more than double the rate of inflation. By doing this, its profit grew an obscene 20% over its already fat profit in the previous year. Meanwhile, its chief executive, Howard Phanstiel, stands to reap a $190-million windfall from the sale of the company to UnitedHealth Group. I do not doubt that the new owners will raise premiums even more to cover the costs of the sale.
October 3, 1996 |
PacifiCare Health Systems Inc.'s restitution for discouraging doctors last year from vaccinating babies for chickenpox amounts so far to a mere $280. The Cypress-based health maintenance organization says it has received only seven valid claims from doctors seeking reimbursements for shots given either last year or during a makeup period this year that ended Monday.
July 9, 2000
On one day we learn that Jeffrey Barbakow of Tenet Healthcare makes $22.5 million a year and Leonard Schaeffer of Wellpoint Health Networks makes $16.7 million a year. The next day we see that PacifiCare is cutting Medicare patients because "federal reimbursement . . . does not produce substantial income" ["PacifiCare to Cut Loose 26,600 Medicare Patients," July 6]. How substantial an income do these companies want? Why do we continue to pad the pockets of these companies when they don't improve care or reduce costs?
CALIFORNIA | LOCAL
September 6, 1997 |
UC Irvine's College of Medicine has received a $700,000 grant from PacifiCare of California to create courses geared toward managed health care. Officials said the courses will teach future physicians administrative, business, technology and managed care skills in addition to medical training. "It's vital that doctors in training learn the realities of practicing in the health care delivery systems of the future," Ira Lott, UCI's chair of pediatrics, said.
June 9, 1991
The high salaries and benefits of the private sector executives detailed in the article, "Sky Is No Limit for Executive Pay" (May 26), are obscene when compared to their contributions to society--particularly in view of the hardships experienced by low-income workers in today's economy. Most notable are the payments, amounting to $2.4 million, made to five executives of Pacificare, the health-care organization. These overpaid individuals and their company profit at a time when poor people's lives are sacrificed because they do not have money to pay surgeons' fees; our high infant mortality rate (mainly due to lack of prenatal care)
January 23, 2008 |
Insurer UnitedHealth Group Inc. reported slightly higher fourth-quarter earnings but said an important profitability gauge for its commercial business worsened more than analysts expected in the fourth quarter. The company, which is trying to overcome past service problems, also projected a steeper enrollment decline for some of its commercial plans in the current quarter. Fourth-quarter net income at UnitedHealth increased to $1.22 billion, or 92 cents a share, from $1.18 billion, or 84 cents, a year earlier.