The Associated Press: WellPoint CEO Compensation Slipped In 2011
WellPoint Inc.'s earnings sank last year, as the health insurer struggled with losses in its Medicare Advantage business, and the total compensation delivered to Chairwoman and CEO Angela Braly slipped as well... Health insurers have been targeted for criticism in recent years for churning out large profits and giving their top executives big compensation hikes while the cost of insurance for many people continues to outpace inflation and wage growth. Insurers have said executive compensation makes up a small part of their total expenses, and the biggest driver behind the growing premiums for their coverage is the spiraling cost of health care (Murphy, 4/3).
This is part of Kaiser Health News' Daily Report - a summary of health policy coverage from more than 300 news organizations. The full summary of the day's news can be found here and you can sign up for e-mail subscriptions to the Daily Report here. In addition, our staff of reporters and correspondents file original stories each day, which you can find on our home page.