Post by Master Kim on Mar 15, 2020 22:04:36 GMT -5
America’s largest private health insurance and pharmaceutical companies continued to take home millions in profits in 2017. And while the compensation for those at the top is outrageous, it is only the tip of the iceberg. Administrative waste – money spent on billing, coding, paperwork, and profits – totaled $504 billion in 2017. Pharmaceutical price gouging cost us an additional $113 billion. By implementing a single-payer national health program, we could direct these dollars where they are needed most: patient care.
Private Health Insurance Company CEOs
Aetna Meme 2017
Mark T. Bertolini, Aetna ($225,744 per day)
Separately, Bertolini was given $14.9 million in stock and option awards, which will provide value in future years. Should CVS Health acquire Aetna (pending regulatory approval), the Wall Street Journal estimates that Bertolini could receive a golden parachute worth approximately $500 million.
Anthem Meme 2017
Joseph Swedish, Anthem ($101,605 per day)
Separately, Swedish was given $12.6 million in stock and option awards, which will provide value in future years.
Cigna Meme 2017
David Cordani, Cigna ($168,677 per day)
Separately, Cordani was given $12.0 million in stock and option awards, which will provide value in future years.
Humana Meme 2017
Bruce Broussard, Humana ($131,493 per day)
Separately, Broussard was given $15.5 million in stock and option awards, which will provide value in future years.
Molina Meme 2017
J. Mario Molina, Molina ($117,416 per day)
Note: J. Mario Molina was terminated effective May 2. His compensation total includes the severance package he received.
United Health Meme 2017
Stephen Hemsley, UnitedHealth Group ($103,754 per day)
Separately, Hemsley was given $11.1 million in stock and option awards, which will provide value in future years.
Pharmaceutical Company CEOs
Abbvie Meme 2017
Richard Gonzalez, AbbVie ($146,588 per day)
Separately, Gonzalez was given $12.2 million in stock and option awards, which will provide value in future years.
Bristol Meme 2017
Geovanni Caforio, Bristol-Myers Squibb ($44,032 per day)
Separately, Caforio was given $12.7 million in stock awards, which will provide value in future years.
Gilead Meme 2017
John Milligan, Gilead ($80,237 per day)
Separately, Milligan was given $10.6 million in stock and option awards, which will provide value in future years.
Johnson Meme 2017
Alex Gorsky, Johnson & Johnson ($88,301 per day)
Separately, Gorsky was given $17.6 million in stock and option awards, which will provide value in future years.
Merck Meme 2017
Kenneth Frazier, Merck ($57,641 per day)
Separately, Frazier was given $12.6 million in stock and option awards, which will provide value in future years.
Pfizer Meme 2017
Ian Read, Pfizer ($101,818 per day)
Separately, Read was given $21.1 million in stock and option awards, which will provide value in future years.
Note: Annual CEO compensation includes salary, non-equity incentive pay, “all other compensation,” and the value of stock options exercised and stock awards that vested and were realized. (Sources: DEF 14A schedules, Securities and Exchange Commission; Bureau of Labor Statistics; Current Population Survey.) For reference, the median earnings of full-time wage and salary workers in 2017 was $44,720 ($172 per day).
Private Health Insurance Company CEOs
Aetna Meme 2017
Mark T. Bertolini, Aetna ($225,744 per day)
Separately, Bertolini was given $14.9 million in stock and option awards, which will provide value in future years. Should CVS Health acquire Aetna (pending regulatory approval), the Wall Street Journal estimates that Bertolini could receive a golden parachute worth approximately $500 million.
Anthem Meme 2017
Joseph Swedish, Anthem ($101,605 per day)
Separately, Swedish was given $12.6 million in stock and option awards, which will provide value in future years.
Cigna Meme 2017
David Cordani, Cigna ($168,677 per day)
Separately, Cordani was given $12.0 million in stock and option awards, which will provide value in future years.
Humana Meme 2017
Bruce Broussard, Humana ($131,493 per day)
Separately, Broussard was given $15.5 million in stock and option awards, which will provide value in future years.
Molina Meme 2017
J. Mario Molina, Molina ($117,416 per day)
Note: J. Mario Molina was terminated effective May 2. His compensation total includes the severance package he received.
United Health Meme 2017
Stephen Hemsley, UnitedHealth Group ($103,754 per day)
Separately, Hemsley was given $11.1 million in stock and option awards, which will provide value in future years.
Pharmaceutical Company CEOs
Abbvie Meme 2017
Richard Gonzalez, AbbVie ($146,588 per day)
Separately, Gonzalez was given $12.2 million in stock and option awards, which will provide value in future years.
Bristol Meme 2017
Geovanni Caforio, Bristol-Myers Squibb ($44,032 per day)
Separately, Caforio was given $12.7 million in stock awards, which will provide value in future years.
Gilead Meme 2017
John Milligan, Gilead ($80,237 per day)
Separately, Milligan was given $10.6 million in stock and option awards, which will provide value in future years.
Johnson Meme 2017
Alex Gorsky, Johnson & Johnson ($88,301 per day)
Separately, Gorsky was given $17.6 million in stock and option awards, which will provide value in future years.
Merck Meme 2017
Kenneth Frazier, Merck ($57,641 per day)
Separately, Frazier was given $12.6 million in stock and option awards, which will provide value in future years.
Pfizer Meme 2017
Ian Read, Pfizer ($101,818 per day)
Separately, Read was given $21.1 million in stock and option awards, which will provide value in future years.
Note: Annual CEO compensation includes salary, non-equity incentive pay, “all other compensation,” and the value of stock options exercised and stock awards that vested and were realized. (Sources: DEF 14A schedules, Securities and Exchange Commission; Bureau of Labor Statistics; Current Population Survey.) For reference, the median earnings of full-time wage and salary workers in 2017 was $44,720 ($172 per day).