The Fat Fifty (health insurance execs)

Together, the annual salary + bonuses of the top 50 health insurance executives in America is a whopping $193.5 million.  The two richest among them, Stephen Hemsley of UnitedHealth Group and Ronald Williams of Aetna have stock options with a market value of $1 billion.  The other 48 between them have stock options with a market value of another half a billion dollars.

Before we say these individuals have the morals of alley cats we need to put ourselves in their shoes.  If I, for one, pulled in $9.8 million a year as Angela Braly, CEO of Wellpoint does, I would fight like a cornered pitbull to keep it.  And if I had $750 million in stock options dependent on my company maintaining its current level of profitability, as Stephen Hemsley of UnitedHealth Group does, I frankly probably wouldn’t care whether or not people died every day if that was the cost of keeping my options.  I would lie, cheat, steal, run blatantly false and deceptive TV ads, fund “think tanks” that don’t think, and bite people on their necks if that’s what it took.

It isn’t these peoples’ morality… it is simply their humanity.  Most of us, in their place, would do the same despicable, indescribably destructive, dishonest, anti-social, borderline homicidal acts that they are doing now to block real healthcare reform for at least another generation.

So we need to understand that the healthcare battle being waged isn’t personal.  It isn’t 300 million Americans out to get 50 immoral individuals.  It is 300 million Americans who are being maimed, bankrupted, and killed by 50 humans doing pretty much what any humans would do if they found themselves in their exhalted shoes.

Anyway, here are the Health Insurance 50, with their annual compensation (as of last year) and the market value of their stock options according to Reuters.  When you’re listening to the ads about socialist medicine and waiting lines… just remember that it is these 50 people funding them and making the decisions to run them… and think what you’d be willing to say if you were in their shoes.

Company Executive/Director FY Total Comp Market Value of Stock Options
Aetna Ronald Williams $24,300,100 $227,330,300
Aetna William Casazza $2,677,780 $529,094
Aetna Mark Bertolinni $7,873,120
Aetna Joseph Zubretsky $5,566,280
Aetna Reisman, Lonny $2,446,290
Cigna Cordani, David $4,321,160 $2,744,360
Cigna Hanway, H. Edward $12,236,700 $30,463,020
Cigna Murabito, John $1,951,090 $9,197,530
Cigna Petren, Carol $2,184,670
Wellpoint Braly, Angela $9,844,212
Wellpoint DeVeydt, Wayne $3,023,907
Wellpoint Fluegel, Bradley $2,264,581
Wellpoint Glasscock, Larry $8,832,708 $77,005,112
Wellpoint Goulet, Kenneth $2,428,361 $218,686
Wellpoint Lewis, Dijuana $2,579,813
Coventry Guertin, Shawn $3,769,810 $13,090,720
Coventry McGarry, James $1,547,290 $4,615,990
Coventry Wise, Allen $13,052,800 $26,400,800
Coventry Zielinski, Thomas $2,168,740 $2,557,310
Centene Eggert, Mark $1,378,332
Centene Goldman, Carol $1,146,983 $196,479
Centene Hunter, Jesse $699,385
Centene Neidorff, Michael $8,774,483 $9,758,616
Centene Scheffel, William $1,725,015 $774,037
Centene Slusser, Eric $1,532,692
Amerigroup Baldwin, Stanley $1,316,170 $567,308
Amerigroup Carlson, James $5,292,550 $3,244,691
Amerigroup Truess, James $3,206,890
Amerigroup Whitley-Taylor, Linda $1,170,220
Amerigroup Zoretic, Richard $2,418,720 $353,400
Humana Bloem, James $1,772,850 $12,536,160
Humana Goodman, Bruce $1,588,050 $9,130,650
Humana McCallister, Michael $4,764,310 $61,567,458
Humana Murray, James $2,467,360 $23,419,710
Health Net Capezza, Joseph $1,151,800
Health Net Gellert, Jay $4,425,360 $62,291,400
Health Net Mayhew, Karin $1,649,760 $1,510,920
Health Net Tiano, Linda $1,266,250
Health Net Woys, James $1,887,560 $14,905,223
Universal American Barasch, Richard $1,564,290 $12,452,450
Universal American Bryant, Gary $1,090,860 $7,319,070
Universal American Carpenter, Theodore $817,343 $262,800
Universal American Jacobs, Gary $561,187 $948,800
Universal American Waegelein, Robert $980,185 $5,919,580
Universal American Wardle, John $497,842
UnitedHealth Group Hemsley, Stephen $3,241,042 $750,465,894
UnitedHealth Group Mikan, George $6,531,406 $1,374,150
UnitedHealth Group Munsell, William $5,267,845 $8,692,222
UnitedHealth Group Welters, Anthony $5,635,177 $10,676,463
UnitedHealth Group Wichmann, David $4,638,870 $81,561,764
TOTAL ANNUAL COMP MARKET VALUE of STOCK OPTIONS
$193,530,199 $1,474,082,167
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1 Comment

Filed under Politics

One response to “The Fat Fifty (health insurance execs)

  1. rrouda

    Interesting. Sort of an “Indecent Proposal” approach to political analysis.

    Would you kill someone you’ve never met for $1oo million dollars? What if the government has promised not to prosecute? What if you only need to point a gun at a crowd, close your eyes and pull the trigger? Does it help if we promise to hire twenty guys to stand around and promise you didn’t hit anyone, no matter how many times you shoot.

    In any case, here we are in the crowd. We probably shouldn’t be taking political advice from the 50 guys who took the deal.

    Good post.

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