Bank of America – Take Back the Economy 4-28-09 (05)

Bank of America – Take Back the Economy 4-28-09 (05)
affordable family health insurance
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Photo Credit: Neil Parekh / SEIU Healthcare 775NW

Seattle Taxpayers Demonstrate at Bank of America as Part of Continued Nationwide Actions to Take Back the Economy

“Taxpayer Proxy” Action Demands Bank Fire CEO Ken Lewis,

Commit to Strong Banking Reform, Voice for Workers

Seattle (April 28, 2009) – Taxpayers, working families and SEIU members joined together in Seattle today and more than 100 other cities across the nation today to take action outside Bank of America branches and collect and deliver “Taxpayer Proxies” demanding the bank fire CEO Ken Lewis and commit to financial reform that puts consumers and workers ahead of profits.

The taxpayer actions took place on the eve of Bank of America’s annual shareholder meeting in Charlotte, NC. After accepting billion in bailout funds, taxpayers and the government are the largest shareholders of Bank of America, and taxpayers in Seattle are demanding that their voices be heard.

On April 29th a delegation of community and national leaders will deliver the “Taxpayer Proxy” demands to the Bank of America shareholder meeting calling on it to: fire CEO Ken Lewis; support strong banking reform; eliminate predatory lending practices and unreasonable fees; support the Employee Free Choice Act to ensure workers have a voice to speak out for consumers and improve working conditions; and provide affordable healthcare to bank workers so they are not forced to rely on tax-payer funded public health programs.

“Taxpayers didn’t cause this economic crisis—but we sure are paying the price," said SanJerra Collins, a caregiver from Tacoma and member of SEIU Healthcare 775NW. “For years, banks have built a business model around pushing dangerous products and burying customers in more and more debt. It’s time for banks to stop these predatory practices and create a system that’s about helping people, not exploiting people.”

Over the last two years, Bank of America CEO Ken Lewis has received .8 million in compensation, while the median wage for a teller at Bank of America hovers around the federal poverty line for a family of four.

Despite receiving billion in federal taxpayer bailout funds since last fall, Bank of America has announced plans to lay off 30,000 to 35,000 workers and handed out .2 million in corporate bonuses. Bank of America could have used the money they paid out in bonuses to give each of its bank tellers an estimated 1,000 raise—nearly seven times their median salary.

The bank also continues to make taxpayers pick up the tab for approximately million a year in employee health care costs because many Bank of America workers cannot afford the company’s health insurance and must rely on public healthcare programs. This costs Washington state taxpayers 9,000 every year.

Last year, Bank of America collected .3 billion in bank fees, almost 30 percent higher than either of its two largest competitors. And even after taking bailout money Bank of America continues running up credit card interest rates on customers even if they have made every payment on time. The bank arbitrarily hiked interest rates on one million play-by-the-rules, pay-on-time customers in 2007 alone.

In 2008, Bank of America spent over million on lobbying and opposed bills like the Employee Free Choice Act, the Credit Cardholders Bill of Rights and the Foreclosure Prevention Act which would directly benefit the economy and consumers.

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SEIU Locals in Washington State

SEIU Local 6 – representing 3,500 janitors and security guards

SEIU Local 49 – representing 1,200 health care workers in SW Washington

SEIU Healthcare 775NW – representing 35,000 long-term care workers

SEIU 925 – representing 23,000 education and child care workers

SEIU Healthcare 1199NW – representing 22,000 nurses and healthcare workers

SEIU Local 1948 – representing 27,000 school employees

Imagine going through the pain of a divorce, well imagine making it that much harder and while you are going through the divorce you find out that you no longer are eligible under your ex-spouse’s health insurance plan. Unfortunately, this is the case for the millions of couples who decide to call it ends every year. To deal with the pain of a divorce is bad enough already with all of the stress that is created as a result of the split, and as we all know, stress is very bad for our bodies. So during a time that our bodies may be the most vulnerable many people are losing their health insurance, which for many people is the difference between seeking health care and remaining sick. For people who may be in this situation there may be a way out, and that is through affordable group health insurance policies. There are still many health insurance options out there for you to look at so that you and your loved ones can get health care coverage. For many people there is affordable group health insurance offered through their main employer, or through their local labor union. The point of group health insurance is for a group of people, like a company, to be insured under the same plan. This is often done through an employer or even sometimes the head of an organization you may belong to, who will offer a choice of affordable group health insurance plans to the company employees to choose. You as an employee of the company are able to choose the plan that best fits your family. Things to keep in mind when picking a plan is the type of coverage you and your family may need, and the amount you are willing to pay monthly for the insurance you chose which is called an insurance premium.

There are many benefits to group health insurance, the first being that normally it is much less expensive than an individual plan, which may cause you 0 a month. This is a huge benefit for families who may not have a ton of money to spend on insurance. Also, you are more likely to be insured through a group health insurance company than with an individual health insurance company because when you apply for an individual health insurance policy you have to go through a doctor’s exam. For many people the medical exam could be the deciding factor as to whether or not they become insured, for people who are suffering from preexisting medical conditions it may be very hard for them to get insurance under and individual policy. With affordable group health insurance policies it is very unlikely that there will be a doctor’s exam. This is because with group health insurance the number of people who are sick and the number of people who are healthy tends to balance out and create an equilibrium for the insurance company.

Ronnie Hamilton shares his knowledge on health insurance that makes you able to find the plans that best fits your needs. If you want to know about Affordable health insurance,Affordable group health insurance,Aetna health insurance visit

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Question by Jason G.: I need help getting good and affordable health, life and dental insurance for me and my family-please help?
All I have is Medicaid, I want better dental and health insurance, and my family and I don’t have life insurance. When my dad died he didn’t have life insurance. I’m a bit concerned because I’m in my 30s and my mom’s getting old, and I’m concerned about my little brother. My mother doesn’t have dental insurance. I want my brother to have better dental insurance too.

I need dental implants.

Please help me out.
I want to get coverage for my mom and brother.
I want a good life insurance plan for me and my family.

Best answer:

Answer by mbrcatz
You just asked this.

Your mother and brother won’t qualify for “family”, if everyone is an adult. They each need their own plans.

You won’t find private dental insurance that pays out more than it costs.

There is no CHEAP health insurance with GOOD coverage. Well, there is – MEDICAID, welfare health insurance.

You have free insurance now, through welfare. That’s as good as it gets, unless you actually want to get a job, which likely would provide you with health insurance.

Add your own answer in the comments!

7 comments to Bank of America – Take Back the Economy 4-28-09 (05)

  • Insurance

    Implants are cosmetic and insurance doesn’t cover them. Best you can do is get a discount plan for that.

  • Arthur

    Jason – Medicaid is pretty good, simply because you don’t pay for it, etc. However, you may be able to get better coverage on your own, either through a group/employer plan at work (best, often) or by buying your own, individual health plan. Your Mom and brother, though, will have to buy their own, separate coverage because they are both (I assume this applies to your brother, too) adults. Here’s a few tips:

    1. Find a broker near you who specializes in health insurance. Visit (see below) to find one; this is the professional association of brokers like me who specialize in health insurance.
    2. If you like, also run a few online plans/prices to get an idea of what’s available (see below for a few links).
    3. Consider a larger deductible plan ($ 2,500 – 5,000) to keep the cost down. Even doing that you’ll still get a doctor & generic drug copay.
    4. Stick with “brand name” companies like Blue Cross, Cigna, Humana, etc. There are a lot of companies around, many of whom look good – just remember: there ain’t no “free lunch.”
    5. Finally, regarding dental coverage (which, by the way, you can often on its own as a separate product): save your money. Even the “best” dental insurance plans aren’t usually a very good buy (they often don’t cover “big ticket” items for 1-2 years and even then there’s usually an annual maximum payable benefit of only $ 1,000 – 1,500 total). If you really want to do something with the dental, consider a “discount” plan, whereby the dentist will simply charge less (20-40% or so, on average). Sent me an email directly (visit: and I’ll email you the data to look over.

    Hope this helps a bit!

  • Jason

    this is your answer seriously let the website do the talking find something that works for you they are all very affordable and they offer good coverage!

  • rakjune

    stop doing Business on the internet look for an ameriplan representative they will come to your house and sit and explain how or what to do to get your entire family covered for little i think it like 20 dollars a month for full medical coverage like their platinum plan it should be a little more like an additional 10 dollars for life insurance just get yourself a primerica representative these people will treat you like family they always do whats right and their life insurance is the best on the market and its affordable and they pay in less then 30 days when someone dies.

  • Will

    Try this site

    here you can get quotes from different companies for health and life insurance, I hope it helps you.

  • Ashley

    The Benefits Group, Inc. provides a FREE life insurance quote, which may help you make your decision on what type of insurance to purchase. They also provide dental, travel, group, retiree, and individual insurance plans. Check it out!

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