Kiedrowski and McKasy: UCare's finances are appropriate

  • Article by: JAY KIEDROWSKI and BERT MCKASY
  • Updated: March 23, 2011 - 7:33 PM

Here's why the insurer had $30 million it could give to help address the state's deficit.

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cervidae24Mar. 24, 11 7:40 AM

I used to work for UCare and for being a Government Subsidized company, the money flows through that place like water. I've never seen profits and growth like UCare enjoys in such a short time in a private company. Keep drinking the kool-aid you board members. Give us back our money.

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klavier1980Mar. 24, 11 8:41 AM

Cervidae, you state you used to work at UCare. What happened that you are no longer at the company? Were your idiotic comments like the one above any help in your situation? 6 of the board members for UCare are current members, so they have no gain in making counterpoints like this. The reason companies like UCare flourish are because they care for their members. If people did not like UCare, why would they stay members?

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nlamom1Mar. 24, 1110:58 AM

Thank you for a thoughtful explanation of the situation that resulted in UCare's offer to return profits to the state. I work at UCare now, and can assure you that every effort is made to conserve expenses without sacrificing quality results, both internally and in our interactions with members and providers. UCare has high standards of integrity and lives up to them on every level.

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LakeliverMar. 24, 1111:05 AM

Just tell us UCare's CEO salary and we'll decide if this is a valid argument or just so much spin. UnitedHealth's was 100 million 200 thousand in 2009 and if ithis not traceable to insurance's greedy appetite, I don't know what else it could be called.

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deneencMar. 24, 1111:19 AM

I would agree with this counterpoint, however it is being reported that UCare members are seeing a 24% increase in their premiums. If this is true, it would seem that the members are paying for this UCare donation.

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lilbearMar. 24, 11 1:32 PM

UCare's CEO compensation is hardly a secret - it was posted in the Strib when they ran the Top 100 non-profits ratings back in January. She makes just over 600K - pretty reasonable for adminisistering a company with more than $1.5 billion in revenue. Compare that to the 1.4 million that Medica's CEO makes, or the $1.5 million for BCBS's CEO and you can start to figure out why THEY aren't returning the overpayments. As far as reporting premiums increases of 24% - ummm...people on Medical Assistance and MinnesotaCare don't pay premiums, at least not to the health care companies. So that is ludicrous on it's face. 24% higher than 0% is still 0%, right?

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ctruthMar. 24, 11 3:03 PM

There are no Premium payments. The members pay $0.00 per month

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LakeliverMar. 24, 11 5:07 PM

No one cares to reveal UCare's CEO salary? It's just public union workers that make an average of 50 thousand a year that some of you seem to have your self-righteousness in a knot about?

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LakeliverMar. 24, 11 5:13 PM

Oh, pardon me. She just makes 600 thousand? How does she get by on that meager salary these days? The other obscene revelations along with it really make me empathize with those people who can't be asked to pay taxes at even the rate they did during the Reagan years. I'm all for keeping the taxes low for small businesses that create jobs but I'm not at all guilty about going after CEOs that don't. I remember healthcare that nearly everyone could afford when insurance companies weren't sticking it to us. Too many CEOs like Jack Schultz are hired to cut jobs and outsource them for cheap labor abroad.

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LakeliverMar. 24, 11 5:17 PM

The real argument is why other, far more greedy companies are not following UCare's example. I think that's a very valid argument.

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