Who "Controls" Our Health Care Companies?
So, who really controls
the ten major health care companies in the United States.
When you start to see that the same "owners" show up in
drugs,
healthcare and
hospital companies, it's no wonder that we can not
afford to pay our medical bills. It is also interesting that
the nation's largest medical malpractice insurer is GE Medical Protective,
obviously owned by General Electric. See
the pattern? That's why General Electric is shown in the table below, even though
we can't break out the part dedicated to its medical divisions.
Perhaps this is why we can't even get help from our
representatives to Congress: [and this is only from the top 20 list.]
| American Medical Assn | $19,380,000 |
Pharmaceutical Rsrch & Mfrs of America | $16,517,781 |
American Hospital Assn | $16,405,186 |
Blue Cross/Blue Shield (Wellpoint) | $ 8,903,590 |
Medical Lobbying Total for 2005 | $61,206,557 |
General Electric (Medical portion of total???) | $24,220,000 |
From
OpenSecrets.org
No wonder politicians don't care about how much it costs to run for their office.
Healthcare might just be only one avenue by which public affairs is used for private gain.
Another interesting fact is that of the ten companies listed, 45 key executives take out
a total of $67.77M PER YEAR! No wonder health insurance costs so much.
I can't help but think that nothing
has really changed since 1889, when the Great Red Dragon book was published,
except that a greater amount of power has been concentrated into fewer hands since then,
at significant costs to all of us.
The point is, control of American companies is rapidly being consolidated
into a few foreign hands, and they are also doing so at
"frantic" pace.
Damn any of the promises that had been made, such as retirement benefits,
health care and pensions. And why is this being done?
To "own the earth in fee simple."
You can do the same lookup on any public corporation and see for yourself who controls what.
You will also see that some of the major holders are hardly nothing more than
a "front" for another, more powerful group. Simply find out who the major holders
of the major holders are and you will see for yourself. This is simply
to make it easier to deceive the public.
While doing this, remember that it only takes 10%, sometime less, sometimes more,
of the stock to "control" a widely-held corporation.
Especially when management and insiders show little or zero ownership. They, as hirelings,
simply take their marching orders and their large paychecks, and everybody else be damned.
If they show any conscience about what happens to their employees or customer base,
they are simply replaced by another "aggressive leader."
Be sure to click on the company's stock letters to check on these
"Key Executives," the sums they were paid last year, and the stock options they cashed.
Another problem we're facing now is the growth of private-equity
groups, which don't have to make the same disclosures as the publicly-held groups.
This is why they keep gaining up on the SEC to "prevent" disclosure and accountability.
This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.
I have no illusions that they are simply another type of
"Snakes In Suits."
One last thing: If you found this information valuable,
please help support this site.
With that being said, here goes:
| Symbol |
Name Of Corporation |
UNH
4 Key
Execs
Take
$13.65M/yr
Major
Holders |
1. Unitedhealth Group Inc. [$70.3B]
| FMR Corporation (Fidelity Management & Research Corp) | 8.11% |
Legg Mason Inc. | 7.03% |
Marsico Capital Management, LLC | 6.37% |
Barclays Global Investors UK Holdings Ltd | 3.29% |
Capital Research And Management Company | 2.96% |
State Street Corporation | 2.92% |
Wellington Management Company, LLP | 2.78% |
AXA (Paris, France) | 2.72% |
Vanguard Group, Inc. | 2.56% |
UBS Global Asset Management | 2.20% |
Top 10 of 867 Institutional Holders Control | 40.94% |
Barclays and "Associates" Control | 13.24% |
|
WLP
5 Key
Execs
Take
$11.69M/yr
Major
Holders |
2. WellPoint Inc. [$48.7B]
| AXA (Paris, France) | 8.79% |
Capital Research And Management Company | 6.50% |
Dodge & Cox Inc. | 3.68% |
Barclays Global Investors UK Holdings Ltd | 3.23% |
Barrow, Hanley Mewhinney & Strauss, Inc. | 3.13% |
State Street Corporation | 3.10% |
Vanguard Group, Inc. | 2.67% |
Wellington Management Company, LLP | 2.21% |
JP Morgan Chase & Company | 1.48% |
Amvescap Plc | 1.45% |
Top 10 of 719 Institutional Holders Control | 36.24% |
Barclays and "Associates" Control | 7.81% |
|
AET
4 Key
Execs
Take
$5.86M/yr
Major
Holders |
3. Aetna Inc. [$21.5B]
| Legg Mason Inc. | 6.81% |
Capital Research And Management Company | 6.16% |
State Street Corporation | 5.90% |
FMR Corporation (Fidelity Management & Research Corp) | 5.20% |
Wellington Management Company, LLP | 3.46% |
Barclays Global Investors UK Holdings Ltd | 3.20% |
TIAA-CREF Investment Management, LLC | 2.79% |
Vanguard Group, Inc. | 2.66% |
Janus Capital Management, LLC | 2.29% |
Mellon Financial Corporation | 2.19% |
Top 10 of 540 Institutional Holders Control | 40.66% |
Barclays and "Associates" Control | 18.10% |
|
CI
4 Key
Execs
Take
$7.64/yr
Major
Holders |
4. CIGNA Corp. [$12.8B]
|
HUM
5 Key
Execs
Take
$6.18M/yr
Major
Holders |
5. Humana Inc. [$10.9B]
| Barclays Global Investors UK Holdings Ltd | 11.31% |
FMR Corporation (Fidelity Management & Research Corp) | 8.66% |
T. Rowe Price Associates | 7.54% |
Wellington Management Company, LLP | 5.87% |
Goldman Sachs Group Inc. | 4.11% |
State Street Corporation | 3.43% |
Vanguard Group, Inc. | 3.12% |
Gardner Lewis Asset Management, Inc. | 2.42% |
Shaw D.E. & Co., Inc. | 2.18% |
Legg Mason Inc. | 1.45% |
Top 10 of 360 Institutional Holders Control | 50.09% |
Barclays and "Associates" Control | 27.84% |
|
CVH
5 Key
Execs
Take
$7.39M/yr
Major
Holders |
6. Coventry Health Care Inc. [$8.6B]
| Janus Capital Management, LLC. | 12.41% |
Wellington Management Company, LLP | 5.26% |
JP Morgan Chase & Co. | 4.45% |
Barclays Global Investors UK Holdings Ltd | 3.64% |
State Street Corporation | 3.33% |
Vanguard Group, Inc. | 3.30% |
T. Rowe Price Associates | 3.29% |
Artisan Partners Limited Partnership | 2.26% |
Fiduciary Asset Management Co. | 2.20% |
Brown (Alex.) Investment Management, LP | 1.97% |
Top 10 of 411 Institutional Holders Control | 42.11% |
Barclays and "Associates" Control | 14.71% |
|
HNT
3 Key
Execs
Take
$3.36M/yr
Major
Holders |
7. Health Net Inc. [$5.0B]
| Legg Mason Inc. | 18.11% |
FMR Corporation (Fidelity Management & Research Corp) | 9.64% |
Barclays Global Investors UK Holdings Ltd | 7.48% |
Wellington Management Company, LLP | 3.41% |
Snow Capital Management LP. | 2.60% |
Goldman Sachs Group Inc. | 2.53% |
State Street Corporation | 2.38% |
Amvescap Plc | 2.37% |
Vanguard Group, Inc. | 2.23% |
Grantham Mayo Van Otterloo & Company | 1.80% |
Top 10 of 307 Institutional Holders Control | 52.55% |
Barclays and "Associates" Control | 30.50% |
|
WCG
5 Key
Execs
Take
$2.52M/yr
Major
Holders |
8. Wellcare Health Plans Inc. [$2.4B]
| % of Shares Held by All Insider and 5% Owners: | 17.00% |
Waddell & Reed Financial Inc. | 10.45% |
Bamco Inc. | 4.58% |
AXA (Paris, France) | 3.92% |
Perry Corp. | 3.45% |
American Century Companies, Inc. | 2.75% |
Bennett Lawrence Management, L.L.C. | 2.72% |
Legg Mason Inc. | 2.59% |
Bank Of America Corporation | 2.52% |
Longwood Investment Advisors, Inc. | 2.30% |
Earnest Partners LLC | 2.19% |
Top 10 of 207 Institutional Holders Control | 54.47% |
Barclays and "Associates" Control | 15.56% |
|
SIE
5 Key
Execs
Take
$6.26M/yr
Major
Holders |
9. Sierra Health Services Inc. [$2.3B]
|
AGP
5 Key
Execs
Take
$2.6M/yr
Major
Holders |
10. Amerigroup Corp. [$1.6B]
| Earnest Partners LLC. | 10.88% |
Bamco Inc. | 9.50% |
FMR Corporation (Fidelity Management & Research Corp) | 7.33% |
T. Rowe Price Associates | 6.97% |
Snow Capital Management LP. | 6.61% |
Deutsche Bank Aktiengesellschaft | 5.77% |
Barclays Global Investors UK Holdings Ltd | 5.01% |
Capital Research And Management Company | 4.69% |
State Street Corporation | 3.73% |
Vanguard Group, Inc. | 2.64% |
Top 10 of 185 Institutional Holders Control | 63.13% |
Barclays and "Associates" Control | 15.71% |
|
|
© 2006 by Edward Ulysses Cate
Help Support This Site
Commentary Index:
Home: