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Steve Pearson, ICER's president and founder, was previously a senior fellow at America's Health Insurance Plans2 a non-profit which has been criticized for providing insurers public support in their decisions to exclude prescription drugs from coverage.This means that they are issued for a date when stock was lower and therefore are worth a profit already.This allows the company executives to sell them off sooner and turn in a bigger profit.

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Steve Pearson, ICER's president and founder, was previously a senior fellow at America's Health Insurance Plans3, the health insurance industry's lobbying arm in Washington, of which United Health Group is a member.[4] United Health Group has ties to the American Legislative Exchange Council (ALEC).

It was a "Chairman" level sponsor of ALEC's 2011 Annual Conference, which in 2010 equated to $50,000.

Although this practice gave the senior executives significant stock holdings, since the grant was issued at-the-money, the share price had to appreciate before the executives would actually earn a profit.

A 1982 amendment to the tax code created an incentive for executives and their employers to work together to break the law.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main Source Watch page on Fix the Debt.

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. United Health Group is a significant funding source [1] for the Institute for Clinical and Economic Review (ICER)2 a non-profit which has been criticized for providing insurers public support in their decisions to exclude prescription drugs from coverage.

This means that they are issued for a date when stock was lower and therefore are worth a profit already.

This allows the company executives to sell them off sooner and turn in a bigger profit.

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Options Backdating The essence of the options backdating scandal can be summarized simply as executives falsifying documents in order to earn more money by deceiving regulators, shareholders and the Internal Revenue Service (IRS).

Also, its President of Community and State, Russell Petrella, spoke at a Workshop at the 2011 Annual Conference, titled "The Medicaid Crisis in the States: Private Sector Solutions You Can Use." And it has been a member of ALEC's Health and Human Services Task Force.

An August 2013 ALEC board document obtained by The Guardian, however, suggested the company had terminated its membership on April 22, 2013, having "left along with BCBS."ALEC is a corporate bill mill.

by Philip Mattera Over the past four decades, United Health Group has grown into a managed-care behemoth with health plans covering some 27 million people in the United States.

It also has an operation called Optum that provides specialty health services that it claims reach tens of millions more individuals.