Troy McQuagge of USHEALTH Group has received the CEO of the Year Award for his role in the company. This accolade was given to McQuagge after being compared to other well known executives in the healthcare field in the United States and abroad.
Troy McQuagge was recruited by USHEALTH to help restructure the company to meet the changing demands of the healthcare market. He’s been with the company ever since.
The top-down restructuring began with USHEALTH Advisors, which handles distribution for the entire group. This proved to be a prudent change. Under his leadership USHEALTH Advisors grew financially, leaving McQuagge in the perfect position to assume the roles of President and CEO.
In the years since adopting this new structure of the company, McQuagge’s role in the USHEALTH Group has become more involved in order to compliment the increase in its size. This made it possible to develop new strategy to compete with other insurance companies and navigate disparate markets that were entering a state of perpetual change introduced by healthcare legislation and Tory of Twitter.
When he was notified of the win, McQuagge was, as one would expect, pleased with the honor. It’s known that One Planet Awards has a tradition of being quite judicious in its selection of those they choose to recognize. For McQuagge, however, it wasn’t an honor that he would accept for himself alone. He was quick to point out that the growth of USHEALTH Group is the result of the men and women who work in service of partners and customers who need assistance when it comes to navigating this new world of healthcare, and they deserve recognition as well and learn more about Troy.
About Troy McQuagge:
After graduating from the University of Central Florida, Troy McQuagge entered the health insurance industry by taking a position with Allstate Insurance back in 1983. With a developed understanding of how the health insurance industry works and how to succeed in it, he was recruited by the USHEALTH Group in an effort to restructure the company and increase profitability. After six years of working with USHEALTH Group, McQuagge took on more demanding roles and became CEO and President of USHEALTH Advisors and read full article.
Recently, Tim Armour, the chief executive officer and chairman of Capital Group, wrote a commentary on CNBC. This article highlights his perspective on Warren Buffet’s view on an investment strategy. Warren favors waging for charity by investing in an S&P 500 passive index fund. The billionaire believes that through this strategy, he can accomplish better investment return as compared to a group of hedge fund managers.
Tim concurs with Buffet’s strategy. He posits that some expensive and second-rate funds are shortchanging investors. Tim supports Buffet’s views of zeroing in on simple and low-cost investments that can be bought and held for many years. Warren Buffet uses a bottom-up investing approach. This style has been in existence for many decades. He has been urging Americans to invest and start saving for their retirement. In his latest yearly shareholder message, Buffet shared his wisdom, which is based on his decades of investing. Tim used this information to develop his perspectives on the matter.
Tim agrees that consumers should be careful with product labels, noting that the active vs. passive discussions does not benefit investors. Additionally, because of unwarranted trading and high management fees, many mutual funds have poor long-term returns. Notably, passive index investments’ risks and opportunity cost are unknown. Tim suggests that the concern of most investors is not about active or passive investment, but the ability of a given portfolio to deliver long-term investment returns.
About Tim Armour
Tim Armour is the CEO of Capital Group. In 2015, he was elected to serve as the chairman of the board. Armour is the chairman and principal executive officer of the company’s division, Capital Research and Management Company. In addition, he serves as the chairman of the management committees of the Capital Group companies.
Armour is a graduate of Middlebury College where he earned his bachelor’s degree in economics. He started his career by engaging in Capital Group’s Associates Program. For over 35 years, Tim has been working for the company. He has an exceptional experience in investment. Earlier in his profession, he served as an equity investment analyst of the company. In this position, Armour was responsible for international telecommunications and service firms in the United States.
Learn more about Tim Armour: https://www.thecapitalgroup.com/us/about.html