Rising Salaries For Health Insurance CEOs

In an opinion piece in the Connecticut News Junkie, Wendell Potter, a journalist with the Center for Public Integrity, points out that the already skyrocketing salaries for health insurance CEOs may increase again in 2015. Most of the publicly traded health insurers reported big increases in revenue and profits last year; the CEOs of the 11 largest for-profit companies made more than $125 million. Recently, several of those CEOs told shareholders and Wall Street analysts that their companies will most likely have higher profits at the end of the year despite having to pay more medical claims as a result of the ACA. Interestingly, the biggest gainer has been Humana-one of the largest operators of Medicare Advantage plans. CEO compensation for Centene and Molina, two publicly traded companies which specialize in managing Medicaid, also significantly increased.

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