Navigation Links
Health Plan Execs Receive Smaller Bonuses as Companies Push Performance-Based Pay, HPW Reports; Hanway Tops Others in Total Compensation
Date:5/13/2008

WASHINGTON, May 13 /PRNewswire-USNewswire/ -- Atlantic Information Services, Inc. (AIS) -- CEOs from several publicly traded health plans saw substantially smaller cash incentives in 2007 as compensation committees placed greater emphasis on performance-based awards, according to AIS's Health Plan Week (HPW). The May 12 HPW issue offers detailed information from more than a dozen health plans, and includes tables showing the top-paid executives.

UnitedHealth Group President and CEO Stephen Hemsley saw his annual base pay increase to $1.3 million in 2007 from about $1 million the previous year, according to HPW's analysis of the company's proxy statements. However, his stock-option awards dropped from $11.3 million in 2006 to $8.1 million in 2007, and his total compensation fell from $15.5 million to $13.2 million.

The newsletter also reports that CIGNA Corp. Chairman and CEO H. Edward Hanway was the top-paid health plan executive in 2007 with total compensation of nearly $26 million. While his stock awards fell from nearly $2 million in 2006 to $453,000 last year and his option awards decreased from about $6.0 million to $4.6 million, his bonus, which includes non-equity incentive plan compensation, soared from $11.2 million in 2006 to nearly $18 million. According to CIGNA's proxy statement, Hanway's total 2007 compensation was $25.8 million -- up from $21.0 million a year earlier.

Other top-earning health plan leaders, according to HPW, include Aetna Inc. CEO Ron Williams, who received cash incentives of $1.9 million in 2007, down substantially from the $7.7 million he received in 2006. Williams, however, received $12.8 million in stock-option awards in 2007, which was more than double what he received in 2006. Overall, his total compensation in 2007 was $23.0 million -- up from the $19.8 million reported for a year earlier.

Executive compensation figures for these health plan executives and others are available at http://www.aishealth.com/ManagedCare/CompanyIntel.html. All compensation figures are based on data reported in the company proxy statements and 10-K forms filed with the U.S. Securities and Exchange Commission.

Health Plan Week, formerly called Managed Care Week, is a subscription newsletter, published by Atlantic Information Services, Inc. (AIS), and is in its 18th year as the market leader in independent business news coverage and analysis of the health insurance industry. For more information, visit http://www.aishealth.com/Products/NewsMCW.html.

Contact Managing Editor Steve Davis at (202) 775-9008 ext. 3047, or at sdavis@aispub.com


'/>"/>
SOURCE Atlantic Information Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Penn study finds pro-death proteins required to regulate healthy immune function
2. UCLA researchers identify markers that may predict diabetes in still-healthy people
3. Air pollution linked to cardiovascular risk indices in healthy young adults
4. More proof needed of safety and quality of electronic personal health records
5. Health care incentive model offers collaborative approach
6. Loneliness is bad for your health
7. Mailman School of Public Health study examines link between racial discrimination and substance use
8. Green Tea May Brew Up Healthier Skin
9. For Health Info, Women Often Turn to the Web
10. Record Number of Americans Lack Health Insurance
11. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/22/2017)... ... February 22, 2017 , ... ... newest advanced absorption cannabidiol (CBD) serum, “NANOCALM 300” Microemulsified Hemp Extract. This ... instant absorption from the mouth into the bloodstream. Far outpacing the ...
(Date:2/22/2017)... ... February 22, 2017 , ... Becker’s Spine Review, the leading ... Michigan neurosurgeon Jay Jagannathan, M.D., as a “Spine Surgeon to Know.” http://www.beckersspine.com/spine-leaders/item/35348- ... in Michigan performing minimally invasive back surgery that often results in less post-operative ...
(Date:2/22/2017)... ... February 22, 2017 , ... The SeniorCare Investor will host an important ... February 23, 2017, at 1:00 PM ET. A recording of the webinar will also ... Webinar Series. , If you want to find out what really happened in the ...
(Date:2/22/2017)... ... , ... BrightStar Care Charleston , a home care and medical staffing ... (MUSC) Center on Aging’s Senior Expo on Thursday, March 23, 2017, at the ... resource in our community. We are thrilled to participate in this event because we ...
(Date:2/22/2017)... (PRWEB) , ... February 22, 2017 , ... ... pipeline and the number of African American/Black students who want to become physicians. ... to pursue their careers as physicians in the Oakland/San Francisco Northern California, Bay ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... 22, 2017 Kineta, Inc., a biotechnology ... immune modulating therapies, today announced that KCP-400 (RgIA4), ... receptor (nAChR), demonstrates robust chronic pain relief and ... study also establishes the a9a10 nAChR as a ... pain. The findings were reported online in the ...
(Date:2/22/2017)... and HAMBURG, Germany , February 22, 2017 ... precision oncology headquartered in Hamburg, Germany and ... research institution, announced today a collaboration to support the first Indian ... research. ... Indivumed signed an agreement with an initial three-year term. The collaboration ...
(Date:2/21/2017)... NEW YORK , Feb. 21, 2017 ... equipment with specialized versions are used to monitor physiological ... or as remote patient monitors. Remote patient monitoring is ... of the patient monitoring equipment in the market. Hence, ... integrated with smartphones and applications, which can send test ...
Breaking Medicine Technology: