Saturday, March 5, 2011

Health Insurance Exec Salaries

Daily Kos: No wonder health costs are so high: "But nowhere in the nation does it seem that Blue Cross is willing to moderate itself. WellPoint, which runs Blue Cross plans in 14 states, including California, raised compensation 51 percent in 2009 for CEO Angela Braly, to $13.1 million. Other top WellPoint executives received similar percentage hikes, taking home between $4.5 million and $7.2 million, according to the Los Angeles Times. Horizon Blue Cross Blue Shield of New Jersey gave recently retired CEO William Marino a 59 percent pay boost in 2009, to $8.7 million, and its top 10 executives received an average 61 percent raise, totaling $24.3 million."

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