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Default Another reason why health care costs...

have gone through the roof, and why so many on the right oppose
meaningful reform:

From FierceHealthcare.com:

Ron Williams - Aetna

Total Compensation: $24,300,112

Details: Williams earned $24,300,112 in total compensation for
2008, with more than half of that ($13,537,365) coming from option
awards. He also received an additional $6,456,630 in stock awards to go
along with his base salary of $1,091,764.

Personal use of a corporate aircraft and vehicle, as well as
financial planning and 401(k) company matches added up to $101,487 for
Williams.



H. Edward Hanway - CIGNA

Total Compensation: $12,236,740

Details: Hanway took a significant pay cut from 2007 to 2008, due
mainly to a drop off of more than $11 million in his non-equity
incentive plan compensation. Still, his base salary of $1,142,885
surpasses that of Aetna's Williams, and is supplemented by just over
$3.6 million in option awards, and just over $820,000 in non-qualified
deferred compensation earnings.

Also, nearly $21,800 in "other compensation" included the use of a
company car with a driver, in-office meals, and emergency assistance
services relating to medical exams.



Angela Braly - WellPoint

Total Compensation: $9,844,212

Details: Braly, like Williams, earned more money in 2008
($9,844,212) than in 2007 (9,094,271), increasing her option rewards by
nearly $1.5 million, and also receiving a $200,000-plus bump in base
salary, from $922,269 to $1,135,538. Braly's stock awards dropped from
$2,160,159 to $1,750,015 because, according to the SEC,
"performance-based restricted stock units awarded in 2008 were cancelled
because our ROE target for 2008 was not met."

Braly's "other compensation" comprised use of a private jet for her
and her family on business trips, just under $10,000 for legal services
relating to her employment agreement and cash credits.



Dale Wolf - Coventry Health Care

Total Compensation: $9,047,469

Details: Wolf is the only CEO on this list who is no longer
employed with his associated health plan; he retired from his position
on Jan. 30 of this year after serving in that role since Jan. 1, 2005,
and was replaced by former CEO Allen Wise.

Wolf, whose total compensation dipped quite a bit from 2007
($14,869,823) to 2008 ($9,047,469), was pleased with the direction the
company was headed in at the time of his departure.

"I am proud of what a talented group of people have accomplished
over the past 13 years of my association with the company," Wolf said,
"and I am confident that the fundamentals which are in place today will
carry the company forward to continued success."

Wolf carried a base salary of $965,000 in 2008, and earned just
over $1.9 million in stock awards. His "other compensation," which
amounted to $486,447, included transportation on the company's airplane,
a company match retirement savings plan and a company match 401(k) plan.



Michael Neidorff - Centene

Total Compensation: $8,774,483

Details: Neidorff, who's base salary remained at $1 million,
received increases in both his bonus ($1.25 million, up from $1 million)
and his stock awards ($4.7 million, from $3.98 million) in 2008.
According to the SEC, "Neidorff's agreement was amended twice in the
past twelve months; (1) to eliminate the non-compete and
non-solicitation requirements if there was a ‘hostile change in control'
as defined in his agreement and (2) to add language to the agreement to
make it compliant with Internal Revenue Section 409A."

Neidorff's "other compensation" of just over $418,000 comprised of
use of the company airplane "for all travel," life insurance benefits,
security services, and tax preparation services, among other things.



James Carlson - AMERIGROUP

Total Compensation: $5,292,546

Details: Despite a lawsuit regarding Medicaid fraud that cost the
Illinois plan $225 million, Carlson himself earned roughly $2 million
more than he did in 2007. All aspects of his compensation increased in
2008, from his base salary (up from $608,000 to just over $761,000) to
his non-equity incentive plan compensation (up to about $2.8 million
from $1.98 million a year ago). Carlson's bonus also grew quite a bit,
going from $225,000 in 2007 to $520,312 in 2008; much of that amount was
based on long term incentive program goals being met.

Carlson's "other compensation," which nearly tripled (going from
about $7,000 to just over $20,000), included his employer 401(k)
contribution, life insurance premiums, an executive health screening,
flight services and a medical insurance stipend.



Michael McCallister - Humana

Total Compensation: $4,764,309

Details: Despite its pick ups of two smaller health plans (OSF
Health Plans of Peoria, IL and Cos/Cariten Healthcare of Knoxville, TN),
Humana's McCallister earned roughly $5.5 million less in 2008 than in
2007. While his base salary ($1,017,308), option awards ($3,078,897) and
"other compensation" ($668,104) all increased, his non-equity incentive
plan compensation and his nonqualified deferred compensation earnings
totaled zero dollars. The latter represents a discontinuation of the
Officers' Target Retirement Plan, according to the SEC.

McCallister's "other compensation" included personal use of the
company aircraft for him, and sometimes his family; company
contributions to the Supplemental Executive Retirement & Savings Plan
and the Humana Retirement & Savings Plan; a once-a-year physical,
financial planning assistance, and more.



Jay Gellert - Health Net

Total Compensation: $4,425,355

Details: Gellert, whose company is considering selling off
divisions in at least four states, earned nearly $740,000 in additional
compensation for 2008. His overall base salary increased to a little
more than $1.2 million from about $1.18 million in 2007, and his stock
awards also rose (from about $1.4 million to more than $1.8 million).

Gellert's "other compensation," which totaled $131,526, included,
but were not limited to, a $53,000 housing allowance, a corporate car
and tax reimbursements of nearly $41,000.



Richard Barasch - Universal American

Total Compensation: $3,503,702

Details: After taking a pay cut from 2006 to 2007, Barasch more
than doubled his total compensation for 2008, jumping up from $1,564,293
in 2007. Barasch's base salary jumped up to $857,851 from $798,340 in
2007; his stock and option awards also increased, as did his "other
compensation," which reflected a car allowance, relocation benefits and
a matching contribution to his 401(k).

Also of note for Barasch was the fact that his non-equity incentive
plan compensation earnings totaled $1,195,147; in 2007, he did not
receive any money in 2007 for such compensation, but took home $1.1
million in 2006.


Stephen Hemsley - UnitedHealth Group

Total Compensation: $3,241,042

Details: An $895 million class-action lawsuit over stock-option
back dating aside, Hemsley still manages to make the cut for this list
at No. 10. The UHG CEO's base salary was $1.3 million in 2008, to go
along with a non-equity incentive plan compensation worth just over $1.8
million and "other compensation" amounting to slightly more than $119,000.

Hemsley's other compensation was a combination of the company
matching his contributions under the 401(k) plan and the company
matching contributions under his executive savings plan. According to
the SEC, "in May 2006, the amount of Hemsley's supplemental retirement
benefit was frozen based on his current age and average base salary and
converted into a lump sum of $10,703,229." Because of this, "there was
no increase in the benefit payable to Mr. Hemsley under his supplemental
retirement benefit" in 2008.



Ahhh...corporate greed.
 
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