A bit of country wisdom came to mind, recently, as I watched the news about a high-roller insurance giant. The old saying goes, “Pigs get fat, and hogs get slaughtered.” This adage, of course, speaks to the consequences of excessive greed.
In recent news, which most of you might have missed, likely because it was suppressed, is that Blue Cross Blue Shield of Alabama was part of a $2.8 billion settlement in a lawsuit brought by the insurance company’s customers. That settlement is the largest health-related antitrust case in history. Of course, Big Blue never admitted to any bad behavior, which is par for the course when a case settles, but $2.8 billion is a lot to pay if you are innocent.