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A question of values.(LETTERS)(Letter to the Editor)
I was surprised by your recent choice of contributor for the Guest Editorial ("The Values Debate in Health Care," Nov. 1, 2004, p. 7). Leonard D. Schaeffer was scheduled to receive a payment (cash and stock options) estimated at $337 million for helping to engineer the Anthem-Well-Point merger. His compensation for 2002 was reportedly already $6.9 million. I challenge Mr. Schaeffer to demonstrate what value, to shareholders or patients, he has produced that would justify paying him the equivalent of the average annual health care premiums of 35,000 families.
He states that "the challenge faced by legislators ... is translating cultural values into viable national policy" and then adds, "Value-driven transformation to an affordable, safe, evidence-based health care system is achievable if consumers can connect their personal involvement in their own health care decisions with protecting broader access to affordable coverage for all Americans."
There are many examples of wastage of health care resources because of cultural considerations, but Mr. Schaeffer's examples are poorly chosen. He refers to ...
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Source: HighBeam Research, A question of values.(LETTERS)(Letter to the Editor)