Report: Top Insurance Execs Pulled In Nearly $200 Million In Compensation Last Year
The Los Angeles Times: "The top executives at the nation's five largest for-profit health insurance companies pulled in nearly $200 million in compensation last year - while their businesses prepared to hit ratepayers with double-digit premium increases, according to a new analysis conducted by healthcare activists. The leaders of Cigna Corp., Humana Inc., UnitedHealth Group and WellPoint Inc. each in effect received raises in 2009, the report concluded, based on an analysis of company reports filed with the Security and Exchange Commission. H. Edward Hanway, former chief executive of Philadelphia-based Cigna, topped the list of high-paid executives, thanks to a retirement package worth $110.9 million." Health Care for America Now, "a coalition of advocacy groups prepared the report" (Levey, 8/11).The Hill: "A new draft document outlines some of the outstanding issues state insurance commissioners need to resolve concerning the medical loss ratio. The National Association of Insurance Commissioners begins its annual meeting in Seattle this week, and one of its highest-profile tasks will be defining what should count as medical care and what shouldn't" (Pecquet, 8/10). This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
