Washington, DC (PRWEB) December 13, 2012
Lower-than-anticipated medical utilization and robust enrollment growth in 2010 led to some sizable performance bonuses for health plan executives in 2011. CEOs from 35 Blues plans collectively brought home about $93 million in bonuses, salary and other compensation in 2011, according to an analysis of state insurance department filings in the December issue of The AIS Report on Blue Cross and Blue Shield Plans*, published independently by Atlantic Information Services. Of the total compensation those CEOs received last year, about $40 million came in the form of bonuses. Only a handful of Blues plan CEOs saw lower compensation in 2011 compared with the prior year.
Taking home more than $13 million, former WellPoint CEO Angela Braly was, by far, the highest-paid CEO, but she took a 1.5% hit on total pay due to a smaller bonus in 2011 compared with the bonus she received in 2010. Despite the decrease, her compensation translates to about $6,400 an hour — assuming a 40-hour work week.
Among other Blues plan executives’ compensation packages that The AIS Report on Blue Cross and Blue Shield Plans covers in the December issue are: Health Care Service Corp., Blue Cross Blue Shield of Massachusetts, Excellus BlueCross BlueShield, Cigna Corp., Aetna Inc. and The Regence Group.
Visit http://aishealth.com/archive/nblu1212-01 to read this article from the December issue of The AIS Report on Blue Cross and Blue Shield Plans in its entirety, which also includes a table of the salaries of top Blue Cross Blue Shield Plan executives ranked by total 2011 compensation.
About The AIS Report on Blue Cross and Blue Shield Plans
The AIS Report on Blue Cross and Blue Shield Plans delivers timely news and insightful analysis of new products, market share, strategies, conversions, financing, profitability and strategic alliances of Blue Cross and Blue Shield plans, which are major players in every U.S. health insurance market. The 12-page monthly is must-reading for plan managers and others who consider BCBS plans to be partners or competitors.
*A thoroughly objective publication, The AIS Report on Blue Cross and Blue Shield Plans is published independently by AIS and is not affiliated with or sponsored, endorsed or approved by the Blue Cross Blue Shield Association or any of the independent Blue Cross and Blue Shield companies. Visit http://aishealth.com/marketplace/ais-report-blue-cross-and-blue-shield-plans for more information.
About Atlantic Information Services
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for more than 25 years. It develops highly targeted news, data and strategic information for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, websites, looseleafs, books, strategic reports, databases, webinars and conferences. Learn more at http://www.AISHealth.com.