Today’s single payer post: corporate news edition
UnitedHealth Group Inc. CEO Stephen Hemsley received compensation valued at $13.1 million in 2007, down from the $15.5 million he got in 2006.
According to documents filed with the SEC, Hemsley received a base salary of $1.3 million in 2007, up from $1 million in 2006. He also got stock options awards valued at $8.1 million in 2007, less than the $11.3 million he got in 2006.
His compensation also included $3.6 million in cash incentives, up from $2.8 in the previous year.
Yes, that is the same UnitedHealth that is being investigated by NY AG Cuomo.
Cigna wants Doctor’s to adopt an email culture.
April 23 (Bloomberg) -- WellPoint Inc., the U.S. health insurer with the most customers, said profit plummeted 25 percent, the first quarterly decline in three years, on higher- than-expected claims in Medicare-backed plans for the elderly.
Net income in the first quarter dropped to $588.1 million, or $1.07 a share, the Indianapolis-based company said today in a statement. Profit fell short of analyst expectations, and WellPoint reduced its earnings goal for the second time in six weeks. The company initially fell in New York trading, then increased the most in almost 3 1/2 years after executives told investors they are moving ``aggressively'' to make changes.
It won’t be long before they are begging for a government takeover.