Reinsurers Sue AIG Alleging Claims Fraud; AIG Denies All Wrongdoing

August 1, 2005

  • August 9, 2005 at 9:01 am
    OhMyGod!!! says:
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    Hey, enough already with your friggin’ comp claim!!

    You may have a serious medical problem (but the order for you to see a psychiatrist in high school now seems downright prescient) and you may have been screwed by your health carrier, but enough already with your friggin’ comp claim!

    I don’t even know who you are, seems like you posted under about six different names, but, Dude — you’ve got to find a different forum to air your medical problems! OK? You completely hijacked this one with your barely readable rantings about how you’ve been wronged. I feel badly for you, but get off this forum and get some help — whatever kind you need!!!

    Good luck, and goodbye(I hope, but I’m not optimistic that we’ve heard the last from him….)

  • August 10, 2005 at 7:43 am
    Down to nothing: says:
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    Oh yeah. The system we have is magnificently efficient. Just not for delivering healthcare. Here’s what it is especially wonderful at doing:

    The 20 Highest-Paid HMO Executivesâ„¢ 2002 Annual Compensation, Exclusive of Unexercised Stock Options

    Norman C. Payson, M.D., Former Chairman and CEO, Oxford Health Plans, $76,010,825
    Leonard D. Schaeffer, Chairman & CEO, WellPoint, $21,765,532
    Allen F. Wise, President & CEO, Coventry, $21,664,330
    D. Mark Weinberg, Executive VP, WellPoint, $14,046,201
    R. Channing Wheeler, CEO, Uniprise UnitedHealth, $9,588,699
    William W. McGuire, M.D, Chairman & CEO, UnitedHealth, $9,457,403
    John W. Rowe, M.D., Chairman & CEO, Aetna, $8,927,005
    Thomas P. McDonough, Executive VP & COO, Coventry, $7,505,810
    Dale B. Wolf, Executive VP, CFO, Coventry, $7,451,391
    Larry C. Glasscock, President & CEO, Anthem, $6,857,839
    Joan E. Herman, Executive VP,, Senior Specialty WellPoint, $6,460,301
    B. Curtis Westen, Senior VP, General Counsel, Health Net, $6,150,970
    Ronald A. Williams, President, Aetna, $6,113,491
    H. Edward Hanway, Chairman & CEO, CIGNA, $5,976,890
    David J. Lubben, General Counsel, UnitedHealth, $5,698,793
    James G. Stewart, Former Executive VP & CFO, CIGNA, $5,191,809
    Robert J. Sheehy, CEO, UnitedHealth Care, $5,064,152
    Anthony M. Marlon, M.D., Chairman, CEO & President, Sierra Health, $4,745,988
    Charles G. Berg, President and CEO, Oxford Health Plans, $4,739,173
    Donald M. Levinson, Executive VP, Human CIGNA, $4,491,315

    Total Compensation for 20 top executives:, $237,907,917
    Average Compensation for these executives: $11,895,396

    The 20 HMO Executives with the Largest Value of Unexercised Stock Options in 2002

    William W. McGuire, M.D., Chairman & CEO, UnitedHealth, $529,986,971 [!]
    Stephen J. Helmsley, President & COO, UnitedHealth, $221,458,436
    Leonard D. Schaeffer, Chairman & CEO, WellPoint, $93,087,561
    Robert J. Sheehy, CEO, UnitedHealth Care, $39,152,576
    R. Channing Wheeler, CEO, Uniprise UnitedHealth, $34,012,480
    David J. Lubben, General Counsel, UnitedHealth, $29,131,986
    David C. Colby, Executive VP & CFO, WellPoint, $26,369,941
    Norman C. Payson, M.D., Former Chairman and CEO, Oxford Health Plans, $25,589,375
    John W. Rowe, M.D., Chairman & CEO, Aetna, $24,078,480
    Jay M. Gellert, President & CEO, Health Net, $23,477,657
    Thomas C. Geiser, Executive VP, WellPoint, $17,074,545
    Marvin P. Rich, Executive VP, Health Net, $14,585,577
    Howard G. Phanstiel, President & CEO, PacifiCare, $14,031,740
    D. Mark Weinberg, Executive VP, WellPoint, $10,689,518
    Allen F. Wise, President & CEO, Coventry, $10,099,038
    Joan E. Herman, Executive VP, Senior Specialty WellPoint, $9,292,358
    Larry C. Glasscock, President & CEO, Anthem, $9,038,474
    Ronald A. Williams, President, Aetna, $7,845,000
    Charles G. Berg, President and CEO, Oxford Health Plans, $7,758,078
    Joseph S. Konowiecki, Executive VP, PacifiCare, $7,104,900

    Total value of stock options for 20 top executives: $1,153,864,691
    Average value of stock options for these executives: $, 57,639,235

    In summary:
    The total of the twenty highest-paid executives in 2002 annual compensation, not including stock options: $237,907,917! Add to that the stock options: $1,153,864,691! Yes, that is a billion dollars! Together you are looking at $1.75 billion that went to twenty people in that industry in 2002 alone!!!!! (We can only imagine what they “earned” in past years, or how lucrative 2003 & 2004 will be for that matter.) That’s what ya call profitability!
    Plus, they all just got a big fat tax cut! Can you just imagine how difficult it must be to find a reasonably priced mansion in Aspen right now!

    For the complete report in PDF form go to: http://www.familiesusa.org/site/DocServer/Top_Dollar_report.pdf?-docID=1381

    For another interesting report on the drug industry,
    http://www.consumersunion.org/pdf/medicare-603.PDF

  • August 10, 2005 at 6:44 am
    2-29-60 says:
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    Damn straight you should NOT be optimistic that anybody should hear the last of me?

    And just because I don’t know English very well, What I do know about is MATH, acounting, coding.

    And, I aint no Dude. Who I am is nobody less important than any of you who read this:

    What is important to me: Is not to be forced by the HAND of corruption by Cal-Camp/Health net, and people who can’t SEE Corporate America’s: George Bush Insurance crooks, including Saudia Arabia, Pakistani MD’s.

    This goes way beyond a denied worker’s compensation claim.

    Who’s health care system is it:

    Who’s watching and tracking the current Hellhole offered by the CORRUPTION of Malik Hasan, MD. aka people who are part of the wrongdoing.

  • August 11, 2005 at 8:01 am
    Integrity Control or Out of says:
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    Doctors for Integrity in Policy Research (DIPR) has focused on how public
    money — _your_ money — has been used to subvert your inherent, irrevocable
    rights through the use of politicized “science.” Virtually every level of
    government uses your tax money to propagandize restrictive gun laws and other
    fundamental tenets of authoritarian control, of collectivism, of socialism
    (sometimes eumphemistically “liberalism”). Increasingly it has become
    apparent to us that consumers’ money — _your_ money — has also been used to
    subvert your inherent, irrevocable rights. Your health care dollars, whether
    being paid directly by you or indirectly by you through your employer or
    union, are being funneled into health care insurance companies that are
    increasingly funding “non-profit educational foundations” that propagandize
    for the end of our constitutional republic. Currently, with resources
    approaching $1 BILLION, California Wellness Foundation is the deepest of
    these “pockets,” but increasing numbers of health insurance companies are
    becoming so involved. [We expect to report on the activities of Kaiser
    Foundation/Permanente Medical Group in the future]. Ms. Sarah Foster
    conducted an extensive investigation of California Wellness Foundation and
    has written the following article. If you read this article and are angered
    or frightened by the activities of California Wellness Foundation, recall
    that Health Net fathered this ******* child. If you have Health Net
    insurance coverage, let your views be known — to your insurance agent, your
    employer, your union, _and_ the executives of Health Net and California
    Wellness Foundation. Do not let your money be used against you and your
    family for generations to come. Let your legislators know that, despite its
    pleasing sounding name and mission, California Wellness Foundation is an
    enemy of our rights and of our constitutional republic. Ms. Foster’s report
    refers to issues other than gun bans in which California Wellness Foundation
    is active. Please distribute her report to people, organizations, and
    newsgroups with interest in those other issues. Please support Capital
    Research Center that has made this and other important reports available.

    Edgar A. Suter MD
    National Chair, Doctors for Integrity in Policy Research

  • August 11, 2005 at 6:42 am
    HN do you like audits? says:
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    Pre-existing Medical Record shows a prior worker’s compensation claim of injury to right wrist. (Bogus)

    Records Location: El Camino Hospital, Mountain View, California.

    Health Net, is there not anything you would do to deny a claim?

    http://216.109.125.130/search/cache?p=exam+Business+Insurance+Group+Delaware&sm=Yahoo%21+Search&toggle=1&ei=UTF-8&vst=0&vs=www.dora.state.co.us&b=11&u=www.dora.state.co.us/insurance/mcexam/pci01.pdf&w=exam+business+insurance+group+delaware&d=F4CAE9F3AA&icp=1&.intl=us

  • January 11, 2006 at 4:38 am
    DAVID says:
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    I WAS COVERED BY AIG BACK IN 2004 FOR AUTO INSURANCE WITH COVERAGE RANGING FROM 100,OOO/300,000 FULL COVERAGE IN THAT YEAR MY WIFE WAS IN AND ACCIDENT AND WE WHERE TOLD THAT THE COVERAGE OF THE VEHICLE SHE WAS DRIVING DIDNT HAVE FULL COVERAGE .NOW THEY SAY OUR COVERAGE IS ONLY 20,000/40,000 WE ARE APPEALING

  • March 18, 2009 at 9:36 am
    o.williams says:
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    To every lawmaker residing in the United States dept.of law.Please fix this problem of theft and bribery of the evils
    which has bound this great country.Each lawmaker is obligated to do their part,first,round up the thieves and show their faces to the American people,I feel these guys may not be true humans,or worse
    they may be the terroists we all fear to take over our country.Aliens are also to be consideed to be without a heart,therefore it’s important that they
    are found and exterminated.Also we the people deserve better since we have allowed every country and every undeveloped form of man to come in and find refuge,God truly BLESSED America!Please do your part and rescue our ecconomic crisis now”in due time we can be back to normal and human beings will be able to enjoy the wonders of life in a real society,not that of a third world”.
    I beg you to catch the thieves now’before they spend the money and cry they no longer have it,lock up the crooks as we know is the normal procedures in our great XCountry.God is watching over us and he only can fix this demonic evil.



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