02 Jun 2011

The 2011 WellPoint/Anthem Shareholders’ Show: “One Thing You Can’t Hide is When You’re Crippled Inside.”

My wife and I bought 5 shares of WellPoint (or Anthem, or Blue Cross) in 2005 and have been coming to these annual meetings since. We’re all getting to know each other. Many of the WellPoint employees seem to genuinely like us. But not all.

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11 Aug 2010

Progressives and Conservatives Agree: Single Payer Healthcare Is Inevitable

Everyone loves to pick on the Affordable Care Act (ACA), and well they should, having been written by and for the health care industry. We must keep the pressure up on the health care industry as long as its fiduciary responsibility to investors requires finding ways to avoid caring for the sick while sucking billions out of taxpayers’ pockets.

0
11 Aug 2010

Progressives and Conservatives Agree: Single Payer Healthcare Is Inevitable

Everyone loves to pick on the Affordable Care Act (ACA), and well they should, having been written by and for the health care industry. We must keep the pressure up on the health care industry as long as its fiduciary responsibility to investors requires finding ways to avoid caring for the sick while sucking billions out of taxpayers’ pockets.

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31 May 2010

Shareholders Rise, Bush Collapses, WellPoint on the Hot Seat

On Friday afternoon May 21, WellPoint released the official tally for the voting from their contentions annual shareholders meeting on the 18th. Our resolution to return Wellpoint to non-profit status received over 30 million votes, 9.4% of the shares voted. That is a jaw dropping vote of no confidence in the management of this company. But the story isn’t over yet. Our shareholder resolution for WellPoint to return to its non-profit Blue Cross roots will be back next year. And the SEC has proposed a new regulation that would allow shareholders to directly nominate corporate board members called “Proxy Access.” If this goes into effect this fall as expected, I intend to run for the WellPoint board.

0
31 May 2010

Shareholders Rise, Bush Collapses, WellPoint on the Hot Seat

On Friday afternoon May 21, WellPoint released the official tally for the voting from their contentions annual shareholders meeting on the 18th. Our resolution to return Wellpoint to non-profit status received over 30 million votes, 9.4% of the shares voted. That is a jaw dropping vote of no confidence in the management of this company. But the story isn’t over yet. Our shareholder resolution for WellPoint to return to its non-profit Blue Cross roots will be back next year. And the SEC has proposed a new regulation that would allow shareholders to directly nominate corporate board members called “Proxy Access.” If this goes into effect this fall as expected, I intend to run for the WellPoint board.

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