Commentary - 09/26/2006

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

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:

The Ten Largest Health Care Providers By Market Cap (as of 30-JUN-2006)  
Symbol Name Of Corporation

4 Key

1. Unitedhealth Group Inc. [$70.3B]
FMR Corporation (Fidelity Management & Research Corp)8.11%
Legg Mason Inc.7.03%
Marsico Capital Management, LLC6.37%
Barclays Global Investors UK Holdings Ltd3.29%
Capital Research And Management Company2.96%
State Street Corporation2.92%
Wellington Management Company, LLP2.78%
AXA (Paris, France)2.72%
Vanguard Group, Inc.2.56%
UBS Global Asset Management2.20%
Top 10 of 867 Institutional Holders Control40.94%
Barclays and "Associates" Control13.24%

5 Key

2. WellPoint Inc. [$48.7B]
AXA (Paris, France)8.79%
Capital Research And Management Company6.50%
Dodge & Cox Inc.3.68%
Barclays Global Investors UK Holdings Ltd3.23%
Barrow, Hanley Mewhinney & Strauss, Inc.3.13%
State Street Corporation3.10%
Vanguard Group, Inc.2.67%
Wellington Management Company, LLP2.21%
JP Morgan Chase & Company1.48%
Amvescap Plc1.45%
Top 10 of 719 Institutional Holders Control36.24%
Barclays and "Associates" Control7.81%

4 Key

3. Aetna Inc. [$21.5B]
Legg Mason Inc.6.81%
Capital Research And Management Company6.16%
State Street Corporation5.90%
FMR Corporation (Fidelity Management & Research Corp)5.20%
Wellington Management Company, LLP3.46%
Barclays Global Investors UK Holdings Ltd3.20%
TIAA-CREF Investment Management, LLC2.79%
Vanguard Group, Inc.2.66%
Janus Capital Management, LLC2.29%
Mellon Financial Corporation2.19%
Top 10 of 540 Institutional Holders Control40.66%
Barclays and "Associates" Control18.10%

4 Key

4. CIGNA Corp. [$12.8B]
Capital Research And Management Company5.12%
Barclays Global Investors UK Holdings Ltd3.60%
Morgan Stanley3.44%
State Street Corporation2.97%
Vanguard Group, Inc.2.97%
Putnam Investment Management, LLC2.66%
Bank Of America Corporation2.63%
Goldman Sachs Group Inc2.25%
Wellington Management Company, LLP2.02%
Sound Shore Management, Inc.1.92%
Top 10 of 462 Institutional Holders Control29.58%
Barclays and "Associates" Control17.55%

5 Key

5. Humana Inc. [$10.9B]
Barclays Global Investors UK Holdings Ltd11.31%
FMR Corporation (Fidelity Management & Research Corp)8.66%
T. Rowe Price Associates7.54%
Wellington Management Company, LLP5.87%
Goldman Sachs Group Inc.4.11%
State Street Corporation3.43%
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 Control50.09%
Barclays and "Associates" Control27.84%

5 Key

6. Coventry Health Care Inc. [$8.6B]
Janus Capital Management, LLC.12.41%
Wellington Management Company, LLP5.26%
JP Morgan Chase & Co.4.45%
Barclays Global Investors UK Holdings Ltd3.64%
State Street Corporation3.33%
Vanguard Group, Inc.3.30%
T. Rowe Price Associates3.29%
Artisan Partners Limited Partnership2.26%
Fiduciary Asset Management Co.2.20%
Brown (Alex.) Investment Management, LP1.97%
Top 10 of 411 Institutional Holders Control42.11%
Barclays and "Associates" Control14.71%

3 Key

7. Health Net Inc. [$5.0B]
Legg Mason Inc.18.11%
FMR Corporation (Fidelity Management & Research Corp)9.64%
Barclays Global Investors UK Holdings Ltd7.48%
Wellington Management Company, LLP3.41%
Snow Capital Management LP.2.60%
Goldman Sachs Group Inc.2.53%
State Street Corporation2.38%
Amvescap Plc2.37%
Vanguard Group, Inc.2.23%
Grantham Mayo Van Otterloo & Company1.80%
Top 10 of 307 Institutional Holders Control52.55%
Barclays and "Associates" Control30.50%

5 Key

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 Corporation2.52%
Longwood Investment Advisors, Inc.2.30%
Earnest Partners LLC2.19%
Top 10 of 207 Institutional Holders Control54.47%
Barclays and "Associates" Control15.56%

5 Key

9. Sierra Health Services Inc. [$2.3B]
% of Shares Held by All Insider and 5% Owners:9.00%
Barclays Global Investors UK Holdings Ltd12.26%
Putnam Investment Management, LLC7.63%
Vanguard Group, Inc.4.67%
FMR Corporation (Fidelity Management & Research Corp)4.66%
American Century Companies, Inc.4.08%
Renaissance Technologies Corp.2.55%
Goldman Sachs Group Inc2.02%
Merrill Lynch Investment Managers Group Ltd.2.00%
Schwab (Charles) Investment Management, Inc.1.94%
Artisan Partners Limited Partnership1.85%
Top 10 of 231 Institutional Holders Control43.66%
Barclays and "Associates" Control25.85%

5 Key

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 Associates6.97%
Snow Capital Management LP.6.61%
Deutsche Bank Aktiengesellschaft5.77%
Barclays Global Investors UK Holdings Ltd5.01%
Capital Research And Management Company4.69%
State Street Corporation3.73%
Vanguard Group, Inc.2.64%
Top 10 of 185 Institutional Holders Control63.13%
Barclays and "Associates" Control15.71%

2006 by Edward Ulysses Cate

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