Yahoo! For nefarious reasons, I hope he gets it.
I think the administrator for the entire Medicare/Medicaid program makes one one-hundredth of that amount! Probably even less for the VA Administrator.
The top executive of the city's largest health maintenance organization, whose salary more than doubled last year to $4.79 million, is poised to reap an even bigger payday if state regulators approve the nonprofit insurer's conversion to a for-profit public company.
The chief executive officer of the Health Insurance Plan of New York, Anthony Watson, would be awarded a stock option package that sources say could be worth as much as $20 million.
YOUR HEALTH, THEIR FREEDOM?
$183,500: The Top, Level I salary, for U.S. political appointee, such as the Administrator of the Medicare/Medicaid system that pays over a billion claims a year to millions of health care providers and accommodates dozens of private health insurance providers.
versus this small data sample:
| Grand Total | $655,638,272 | |||
|---|---|---|---|---|
| Annual Totals | 2006 | 2005 | 2004 | 2003 |
| $277,998,393 | $116,735,303 | $96,496,711 | $164,407,865 | |
| Aetna | $60,858,180 | $23,191,253 | $12,785,116 | $27,016,683 |
| Chairman, Chief Executive | $19,802,476 | $7,606,884 | $4,047,449 | $9,100,491 |
| Former Chairman | $25,092,722 | $8,817,441 | $5,010,815 | $12,038,223 |
| Senior Vice President and | $4,561,374 | $2,236,975 | $1,241,532 | $2,870,648 |
| EVP, Regional Businesses | $3,410,341 | n.a. | n.a. | n.a. |
| SVP, Strategic Planning | $4,095,043 | $2,479,475 | $1,316,149 | n.a. |
| Senior Vice President, Chief Investment Officer | $3,896,224 | $2,050,478 | $1,169,171 | $3,007,321 |
| Cigna | $42,189,600 | $21,644,450 | $19,091,568 | $24,063,103 |
| Chairman and CEO | $21,014,500 | $12,509,730 | $11,985,033 | $15,101,100 |
| Executive Vice President and CFO | $6,068,300 | $3,318,165 | $3,187,683 | $4,215,900 |
| President, CIGNA Health Care | $3,134,700 | $1,793,930 | n.a. | n.a. |
| President, CIGNA International | $3,497,800 | n.a. | n.a. | n.a. |
| EVP, Human Resources | $2,690,100 | $1,859,940 | $1,875,753 | $2,156,003 |
| Retired EVP, General Counsel | $5,784,200 | $2,162,685 | $2,043,099 | $2,590,100 |
| United Health | $51,347,933 | $22,767,179 | $22,680,009 | $21,600,342 |
| President and Chief | $15,549,028 | $5,565,870 | $5,826,608 | $5,678,782 |
| EVP and Chief Financial Officer | $3,339,278 | n.a. | n.a. | n.a. |
| EVP and President of Commercial Services Group | $4,325,612 | $1,612,400 | $545,072 | n.a. |
| EVP and President of Public and Senior Markets | $3,812,299 | n.a. | n.a. | n.a. |
| EVP and President of Individual and Employer Markets Group | $4,194,685 | $1,582,262 | $1,763,404 | $1,505,335 |
| Former Chief Financial Officer | $2,782,142 | n.a. | n.a. | n.a. |
| Former Chairman and Chief Executive | $12,049,699 | $12,397,442 | $12,820,859 | $12,631,485 |
| Former General Counsel and Secretary | $5,295,190 | $1,609,205 | $1,724,066 | $1,784,740 |
| Wellpoint | $74,075,752 | $21,249,661 | $20,585,825 | $60,063,187 |
| Chairman, President & CEO | $23,886,169 | $8,923,139 | $5,999,779 | $46,612,719 |
| Vice Chairman, Chief Financial Officer and EVP | $8,415,077 | $3,657,133 | $3,448,807 | n.a. |
| President & CEO | $6,554,745 | $2,699,912 | $2,869,133 | n.a. |
| EVP, Integration | $6,651,786 | n.a. | n.a. | n.a. |
| CEO Commercial & Consumer Business | $6,622,360 | $2,544,098 | $2,840,816 | n.a. |
| Former EVP, President, CEO Central Region | $6,385,520 | $3,425,379 | $5,427,290 | $13,450,468 |
| Former EVP, President, CEO East Region | $15,560,095 | n.a. | n.a. | n.a. |
| Humana | $14,964,213 | $8,004,317 | $8,510,152 | $16,620,014 |
| President & Chief Executive Officer | $5,798,613 | $2,802,774 | $2,581,806 | $5,982,767 |
| Senior Vice President & Chief Financial Officer & Treasurer | $2,103,072 | $1,117,601 | $2,522,475 | $906,907 |
| Chief Operating Officer | $2,778,690 | $1,639,456 | $1,282,980 | $3,724,576 |
| Senior Vice President & Chief Innovation Officer | $2,086,710 | $1,199,098 | $1,075,608 | $2,644,423 |
| Senior Vice President & Chief Service & Information Officer | $2,197,128 | $1,245,388 | $1,047,283 | $3,361,341 |
| Coventry | $34,562,715 | $19,878,443 | $12,844,041 | $15,044,536 |
| Chief Executive Officer | $12,937,001 | $6,580,139 | $3,153,428 | $4,646,057 |
| EVP, CFO & Treasurer | $3,402,288 | $2,491,775 | $1,246,293 | $829,536 |
| President | $9,432,787 | $4,249,022 | $5,027,314 | $4,693,581 |
| EVP, Customer Service and CIO | $4,670,942 | $3,806,739 | $1,976,905 | $2,685,735 |
| EVP, Government & Individual Plans | $4,119,697 | $2,750,768 | $1,440,101 | $2,189,627 |
GOOD INVESTMENTS BECAUSE EFFICIENCIES ARE RISING? - HARDLY :
Rough estimates of the rise in administrative costs per enrollee among private health insurers:
Now, if administrative costs are rising so strongly yet profits are doing great, that suggests something is being allowed to get way out of wack, right?
