In article ,
Kurt Ullman wrote:

BTW: Executive salaries are effectively capped at $1 million or so
due to tax laws. What aren't capped is incentives and stock options (the
latter usually the biggest and is not paid by the ratepayer, but rather
the stockholders through dilution of shares). This was done by Congress
to better align the needs of the executives with the needs of the
stockholders. Of course when you have a base salary of $1 mill and stock
options of $100 mill you are being paid not to manage the company but to
manage the stock price. Oop s.

BTW Part2. Don't even throw out that old chestnut about how efficient
MCare is at administrating. The low %age often quoted is for Center for
Medicare Medicaid Services direct administration, research, overseeing
the Fiscal Intermediaries (EDS, Blues, etc. depending on the area),
schmoozing with Congress and the constituent organizations.
The actual heavy lifting is done by the Fiscal Intermediaries who
process the claims, write the checks, etc. If you add back in what the
FIs are paid as administration expense, the differences disappear.

--
I want to find a voracious, small-minded predator
and name it after the IRS.
Robert Bakker, paleontologist