Posts Tagged ‘package’
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Washington, DC (PRWEB) April 20, 2012
With more than $ 9.3 million in non-equity incentive pay, Cigna Corp. CEO David Cordani had the highest total compensation package of any publicly traded health insurer CEO in 2011, according to Health Plan Weeks (HPW) annual analysis of proxy statements filed in March and April with the Securities and Exchange Commission.
According to Cignas proxy statement, Cordani raked in just over $ 19 million, a 25.4% increase from his 2010 compensation. That year, he ranked No. 2 in total compensation among publicly traded health plan operators. While his 2011 salary remained unchanged at $ 1 million, Cordani earned $ 5.8 million in stock awards, $ 2.6 million in option awards and $ 9.3 million in non-equity incentive compensation.
Cigna based 91% of Cordanis 2011 target pay on performance, Cigna spokesperson Gloria Barone Rosanio tells HPW, adding that the compensation was within the competitive range of other large health insurers. The structure of Cordanis pay package demonstrates how health plan executives are receiving a growing percentage of their compensation through incentive-based pay, a change that is leaving insurers open to criticism as premiums go up for members.
Go to http://aishealth.com/archive/nhpw041612-01 to read this article in its entirety, which also includes a table detailing the total compensation for 11 health plan CEOs in 2011. The table shows that most other health plan CEOs also saw their compensation rise in 2011.
Health Plan Week is the nations #1 source of timely, objective business, financial and regulatory news of the health insurance industry. Published since 1991, the 8-page weekly features valuable insights and strategies for health plan managers and others who must monitor the activities and performance of health insurers. Coverage includes new benefit designs and underwriting practices, new products and marketing strategies, mergers and alliances, financial performance and results, Medicare and Medicaid opportunities, disease management, and the flood of reform-driven regulatory initiatives including medical loss ratios, exchanges, ACOs and myriad benefit design changes that are mandated.
AIS develops highly targeted news, data and strategies for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. Learn more at http://www.AISHealth.com.
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- Pres Obama approves microchip for the year 2013
WEST COLUMBIA, S.C. (Legal Newsline) – South Carolina must stay in the forefront of a federal lawsuit challenging the Obama administration’s federal health care package, says the state’s Republican attorney general candidate. …
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Senate approves Obama’s small-business aid package
On a 61-38 vote, lawmakers pass the bill, which would create a $30-billion small-business lending fund and give $12 billion in tax breaks to encourage companies to invest and hire. WASHINGTON — Overcoming months of gridlock, the Senate approved a small-business bill on Thursday that handed President Obama an election-year victory but showed just how difficult it had become for lawmakers to …
Read more on Los Angeles Times
Aid package has small businesses watching
Congressional efforts to spur the economic recovery could re-create the atmosphere created by incentives offered early in the recession, when lawmakers turned to small business for help creating jobs. And in this election season, the politicians are counting on the plan to save their own jobs as well.
Read more on Pittsburgh Post-Gazette
A forum that will review the strategic and economic aspects of the Australian Government’s new health reform package will be held at The Australian National University. Academics, policy makers and leaders in health care will come together at the Crawford School of Economics and Government at ANU to discuss key features of the reform agenda and the challenges of policy implementation. What …
Read the original here:
Health Care Reform Back In The Spotlight, Australia
RICHMOND Round one of the legal fight between Virginia Attorney General Ken Cuccinelli and the US government over the health care package is scheduled to occur in a federal courtroom this morning. Seeking to combat a plan he considers a …
Read more here:
Hearing set for today on Va. health care reform suit …
HealthCare.gov, the online clearinghouse of health insurance plan information mandated by the health reform package signed by the President in March, is set to go live next Thursday, reports Sarah Kiff of Politico. …
Fox News is reporting that the Health Care Reform Package will not add to the deficit.
Now do you believe it? Cons didn’t believe it when the NYTimes reported it. They didn’t believe it when NPR reported it. Now it’s straight from their own leaders. Is that good enough?