How the pursuit of shareholder value weakened the economy

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And then they blame Obamacare for bad and expensive healthcare in the US

Are you angry about your health insurance premiums? You should be. Last year, $130 billion of your private health insurance money was spent — wasted, mostly — on administrative costs. That’s 12% of your total bill, and just over $1,000 per American household. Those figures come from the independent Kaiser Foundation. 

So how nice it was that Stephen Hemsley, CEO of UnitedHealth Group stopped by for some glad-handing with the president. Last year his company billed its customers $35.5 billion to pay for administrative costs and stockholders’ income. That’s before paying for a single pill, doctor, scalpel, or CAT scan. 

That represents one-fifth of the company’s $185 billion in revenues and a quarter of the $144 billion its customers paid in insurance premiums. No wonder Hemsley has been paid $15 million a year in recent years. Indeed, last year’s proxy statement shows Hemsley has accumulated 3.2 million UnitedHealth Group shares. Total value today: $528 million. You read that right.

Does Trump really know how to fix Americans’ health care? - MarketWatch