UnitedHealth CEO David Wichmann fears we're coming for his riches [View all]

UnitedHealth Group CEO David Wichmann has reason to fear. He earned $17.4 million dollars last year. He also holds $202 million in the Minnetonka company's stock. If America gets its wish, all that money may soon be at risk.

The latest polling shows that 56 percent of Americans now favor “Medicare for All,” with sound reason. Other countries with similar plans -- like Canada and most of Europe – see their health costs plummet, while things like life expectancy rise.

The idea is rather simple: Instead of paying for insurance through work or on your own, that payment is shifted to taxes. In return, a government program similar to Medicare covers everyone.

But this also means cutting out the middleman. That would be David Wichmann. As shepherd of the nation's largest health insurer, he extracted $17 billion in profits last year as the system's paperwork guy.

Read more: http://www.citypages.com/news/unitedhealth-ceo-david-wichmann-fears-were-coming-for-his-riches/508745101