Who "Controls" Our Hospitals?
So, who really controls
the major hospital 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. 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 |
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 eight companies listed, 23 key executives take out
a total of $23.34M PER YEAR! No wonder a hospital room 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 Five Largest Hospital Owners By Market Cap (as of 30-JUN-2006) |
|
| Symbol |
Name Of Corporation |
HCA
5 Key
Execs
Take
$3.93M/yr
Major
Holders
Link
Fails,
HCA Now
Private. |
1. HCA Inc. [$20.3B]
|
HMA
4 Key
Execs
Take
$2.55M/yr
Major
Holders |
2. Health Management Associates Inc. [$5.0B]
| FMR Corporation (Fidelity Management & Research Corp) | 11.73% |
Private Capital Management, Inc. | 8.52% |
Dodge & Cox Inc. | 7.18% |
Barclays Global Investors UK Holdings Ltd | 5.05% |
SPO Advisory Corp. | 4.88% |
T. Rowe Price Associates | 4.02% |
Vanguard Group, Inc. | 3.23% |
State Street Corporation | 2.65% |
Wellington Management Company LLP | 2.32% |
Amvescap Plc | 2.23% |
Top 10 of 366 Institutional Holders Control | 51.81% |
Barclays and "Associates" Control | 20.24% |
|
THC
5 Key
Execs
Take
$5.58M/yr
Major
Holders |
3. Tenet Healthcare Corp. [$4.0B]
| Franklin Resources, Inc. | 17.80% |
Brandes Investment Partners L.P. | 13.77% |
Hotchkis & Wiley Capital Management, LLC | 9.40% |
The TCW Group, Inc. | 4.52% |
Massachusetts Financial Services Co. | 3.23% |
Barclays Global Investors UK Holdings Ltd | 3.22% |
Vanguard Group, Inc. | 3.19% |
Gardner Lewis Asset Management, Inc. | 2.78% |
State Street Corporation | 2.54% |
Morgan Stanley | 1.81% |
Top 10 of 288 Institutional Holders Control | 62.26% |
Barclays and "Associates" Control | 25.37% |
|
TRI
4 Key
Execs
Take
$4.69M/yr
Major
Holders |
4. Triad Hospitals Inc. [$3.9B]
|
CYH
5 Key
Execs
Take
$6.59M/yr
Major
Holders |
5. Community Health Systems, Inc. [$3.5B]
|
|
© 2006 by Edward Ulysses Cate
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