Organizing for America | The Reformed Republican - Tracking The Daily Battles: 6 Health Insurers Boards Paid More than Senate and SCOTUS Combined

Post from The Reformed Republican - Tracking The Daily Battles:

6 Health Insurers Boards Paid More than Senate and SCOTUS Combined

By John Nail - Jun 10th, 2009 at 8:36 pm EDT

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Tags: executive compensation, health care reform, healthcare

In updating our annual review of the executive salaries of the 7 largest publicly traded health plans , Aetna, Cigna, Wellpoint, United Heatlhcare, Humana and Coventry, we decided to look at the Boards of these firms and the compensation paid to their members.

As one would expect the 69 Board members of these six insurers are highly compensated averaging nearly $275,000 annually. All for sitting in on a few board meetings.

In fact in total the compensation paid them is greater than total salaries paid the the 1oo members of the US Senate and the 9 Supreme Court Justices combined.

Wellpoint’s 16 member Board, the most highly compensated, makes $1M more than the President Obama, Vice President Biden, all 15 Cabinet Secretaries and the 9 Supreme Court Justices combined.

The value comparisons are obvious and this represents another obvious PR problem that the for profit insurers face.

More on this in upcoming posts..

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