Wellmark Withdraws Offer of $15 Million Donation to University of Iowa

July 11, 2007

  • July 11, 2007 at 12:57 pm
    Elaine says:
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    Great Decision. I applaud the University of Iowa. Money is not everything!

  • July 11, 2007 at 1:52 am
    James H says:
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    It does not appear that this was the offer of a “donation” by Wellmark–instead it was Ad money designated for a “quid pro quo” arrangement. Congratulations to the University for having the fortitude to resist the sellout!!

  • July 11, 2007 at 3:08 am
    Caveman says:
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    Yeah, who needs $15 million anyway?!

  • July 11, 2007 at 3:20 am
    C J says:
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    A health insurance company with $15,000,000 surplus money, to “buy” it’s name on a school, and (working) people that can’t afford insurance, and can’t afford medical care. I don’t think government insurance is the answer, but our health care system is a nightmare ! Did you see the economist on 60 Minutes last Sunday ? Our once great country is sick, and probably dying. Just a matter of time, we will self-destruct. I suppose our health care system is just another sign of our society’s decline, due to too many people’s greedy, selfish, unethical pursuit of more for “me” regardless of what is right, or who else suffers.

  • July 11, 2007 at 4:22 am
    Anon says:
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    It’s not “surplus money” as you put it; It’s advertising money. you think when Target sponsors a NASCAR team someone just found a few million dollars under a couch cushion? That sort of thing might happen in Democrat’s freezers in Louisiana but not in any of the couches in my agency.

    Wellmark attempted to put their name on a building. Quicken Loans did it, Heinz did it, etc etc etc.

    Sports teams, desperate to find money to pay someone 50 million to play a kid’s game have been selling out for years because corporations relized sticking a decal on a building can build brand image and profit.

    Wellmark tried to do that with money earmarked for advertising, The University of Iowa had the nuts to say “No”. I applaud UI’s spirit but it’s only a matter of time before we’re going to see Motley Crue brought to us by Miller High Life at the Wellmark Stage.

  • July 11, 2007 at 4:53 am
    Tapper says:
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    Kudos to U of Ia.

    The donation was certainly I will scratch your back you scratch mine, but what Wellmark forgot was they were donating money to the people who who buy there product “Wellmark is a major payer to the University of Iowa Hospitals and administers insurance plans for all the state’s public universities.”

    Now the state should find another Insurance company to suppy coverage… an account probably worth more than 15 million.



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