Bristol (Conn.) Hospital CEO Kurt Barwis and several hospital board members discussed the institution's robust C-suite compensation packages in light of a state tax revenue proposal, according to HartfordBusiness.com.
Compensation Issues
Here are three updates on executive compensation for health insurers Centene, Blue Cross Blue Shield of Michigan and Humana:
Michael Neidorff, the CEO of Centene Corp., made 396 times what an average employee at the health insurer made in fiscal year 2018, according to a recent proxy statement filed with the Securities and Exchange Commission.
Blue Cross & Blue Shield of Rhode Island posted its second consecutive year of profits in 2018, according to local news station WPRI.
UnitedHealth and OptumRx will significantly expand a program that will require new employer clients to pass rebates to the consumers who take their medications.
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The CEO of nonprofit Blue Cross Blue Shield of Michigan received $19.2 million in total compensation in 2018 — a record for the health insurer, according to the Detroit Free Press.
Humana CEO Bruce Broussard made 231 times what an average employee at the health insurer did in 2018, according to a recent proxy statement filed with the Securities and Exchange Commission.
Some health plans like Blue Cross Blue Shield of North Carolina's "My Choice" policies and Minnesota startup Bind Benefits are eliminating annual deductibles and having members negotiate their own claims in an effort to curb medical spending, according to NPR.
Three health insurers filed status reports with the federal government March 5 asking for billions in unpaid cost-sharing reductions payments. While the insurers don't agree on the estimate, a group of insurers' class-action lawsuit estimates damages of more than $2…
Franklin, Tenn.-based Community Health Systems' board recently approved 2019 pay packages for its top executives.