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monkey_man
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Re: Obama elected President
Reply #7151 - Sep 8th, 2009 at 8:56pm
HMO Executive Salaries Reprinted from FAMILIES USA
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The HMOs complain that any increase in their costs of treating patients will require them to raise premiums, making them too costly, and causing many to go without insurance. Are their budgets really so spare that they couldn't absorb any cost increases without raising premiums?
For a start, we might look at the amount of premium dollars removed from patient care by being paid to executives.
You decide how much room there is for savings.
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The 25 Highest Paid HMO Executives 1996 Annual Compensation Exclusive of Unexercised Stock Options
Stephen Wiggins, CEO, Oxford Health Plans, Inc. $29,061,599 Wilson Taylor, Chairman and CEO, CIGNA Corporation $11,568,410 David Snow, Executive Vice President, Oxford Health Plans, Inc. $10,403,451 Robert Smoler, Executive Vice President, Oxford Health Plans, Inc. $10,085,972 William Sullivan, President, Oxford Health Plans, Inc. $7,823,076 Joseph Sebastianelli, President, Aetna, Inc. $7,394,506 Michael Cardillo, Executive Vice President, Aetna, Inc. $7,069,969 Leonard Schaeffer, Chairman and CEO, WellPoint Health Networks, Inc. $7,010,698 George Jochum, President and CEO, Mid-Atlantic Medical Services, Inc. $6,526,065 Ronald Compton, Chairman and CEO, Aetna, Inc. $5,813,287 Wayne Smith, Former President, Humana, Inc. $5,166,575 James Stewart, Executive Vice President, CIGNA Corporation $4,832,799 Richard Huber, Vice Chairman, Aetna, Inc. $4,801,841 Roger Taylor, Executive Vice President, PacifiCare Health Systems, Inc. $4,103,864 Daniel Crowley, CEO and President, Foundation Health Corporation $3,849,023 Gerald Isom, President, Property and Casualty, CIGNA Corporation $3,778,293 Alan Hoops, President and CEO, PacifiCare Health Systems, Inc. $3,221,602 Daniel Kearney, Executive Vice President, Aetna, Inc $3,189,272 D. Mark Weinberg, Exec. Vice President, WellPoint Health Networks, Inc. $3,009,944 Donald Levinson, Executive Vice President, CIGNA Corporation $2,985,017 Ronald Williams, Exec. Vice President, WellPoint Health Networks, Inc. $2,827,381 Allen Wise, Executive Vice President, United HealthCare Corporation $2,697,751 Jeffrey Elder, Senior Vice President, Foundation Health Corporation $2,235,783 H. Edward Hanway, President CIGNA HealthCare, CIGNA Corporation $2,217,711 Kirk Benson, President and COO, Foundation Health Corporation $2,104,414
Totals, by Company, of Executives in above list only:
Oxford Health Plans, Inc. $57,374,098 Aetna, Inc $28,268,875 CIGNA Corporation $25,382,230 WellPoint Health Networks, Inc. $12,848,023 Foundation Health Corporation $8,189,220 Mid-Atlantic Medical Services, Inc. $6,526,065 PacifiCare Health Systems, Inc. $7,325,466 Humana, Inc. $5,166,575 United HealthCare Corporation $2,697,751 Cumulative Total $153,778,303
The 25 Executives with the Largest Unexercised Stock Option Packages in 1996
Stephen Wiggins, CEO, Oxford Health Plans, Inc. $82,799,000 William McGuire, CEO, United HealthCare Corporation $50,042,237 David Snow, Executive Vice President, Oxford Health Plans, Inc. $23,888,000 William Sullivan, President, Oxford Health Plans, Inc. $20,408,000 Alan Hoops, President and CEO, PacifiCare Health Systems, Inc. $15,338,120 Robert Smoler, Executive Vice President, Oxford Health Plans, Inc. $14,015,000 Wilson Taylor, Chairman and CEO, CIGNA Corporation $12,057,758 Samuel Miller, Executive Vice President, United Wisconsin Services, Inc. $9,340,174 Wayne Smith, Former President, Humana, Inc. $9,170,060 Ronald Compton, Chairman and CEO, Aetna, Inc. $8,466,861 Peter Ratican, CEO and President, Maxicare Health Plans, Inc. $7,675,726 Eugene Froelich, Executive Vice President, Maxicare Health Plans, Inc. $7,675,726 Jeffrey Folick, Executive Vice President, PacifiCare Health Systems, Inc. $7,175,127 Leonard Schaeffer, Chairman and CEO, WellPoint Health Networks, Inc. $7,173,773 James Stewart, Executive Vice President, CIGNA Corporation $7,073,436 Travers Wills, COO, United HealthCare Corporation $6,963,427 Gerald Isom, President, Property and Casualty, CIGNA Corporation $6,394,629 Jeffrey Boyd, Executive Vice President, Oxford Health Plans, Inc. $6,323,000 Malik Hasan, CEO, Health Systems International, Inc. $5,998,062 Richard Huber, Vice Chairman, Aetna, Inc. $5,289,951 Daniel Kearney, Executive Vice President, Aetna, Inc. $5,006,625 George Jochum, President and CEO, Mid-Atlantic Medical Services, Inc. $4,941,189 Wayne Lowell, Executive Vice President, PacifiCare Health Systems, Inc. $4,775,598 H. Edward Hanway, President CIGNA HealthCare, CIGNA Corporation $ 4,743,391 Daniel Crowley, CEO and President, Foundation Health Corporation $ 4,621,590
The 25 executives with the largest unexercised stock option packages in 1996 had stock options valued at $337.4 million. The average value of unexercised stock options for these 25 executives was $13.5 million. The median unexercised stock option package for these executives was over $7.2 million.
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