Today's single payer post: Susan Bayh
Sits on Wellpoint's Board of Directors
Susan Bayh, wife of Senator Evan Bayh, sits on the board of directors of Wellpoint, a huge health insurance company. poputonian has an excellent run down of the history of Wellpoint.
On January 7, 2007, Susan Bayh exercised her options to acquire 3,333 shares of Wellpoint for an estimated cost of $147,000 and sold them the same day for an estimated price of $260,000, netting a tidy sum of $113,000. She repeated the process on May 17, 2007 for a net profit of $136,000. On December 11, 2007 she dumped an additional 1,430 shares of Wellpoint for $123,000. Why not? The entire Wellpoint board of directors was doing the same thing.
Bayh's total profits from stock dumping were $372,000. How much health care could the state of Indiana purchase for $372,000?
Remember this when anyone tells you that we cannot afford HR 676.