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« Bad Medicine | Main | TACIR Report Comes Under More Fire »

November 4, 2007

Wealthy Bredesen Accepts Taxpayer-Funded Healthcare

tnflag.jpgHere's Tom Humphrey's article in the Knoxville News Sentinel on the financial disclosures filed by Gov. Phil Bredesen and U.S. senators Lamar Alexander and Bob Corker in which it is revealed that Bredesen - whose net worth is somewhere above $100 million - allows the taxpayers of Nashville to pick up the tab for his health insurance. That's actually kind of ironic in that Bredesen made his millions by owning and running HMOs - and HMOs make money by spending less money on members' healthcare than they take in from members in premiums. Every time one of his HMOs refused to pay for some members' medical treatment, it made Bredesen wealthier.

(P.S. - if you read the whole story, make sure to read the posted reader comment from Jill Bader
Sen. Alexander's press secretary, noting two rather significant errors in the article regarding Alexander's financial disclosure.)


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