Monday, May 19, 2014
Insurance Execs and Administrators Pull in Health Care's Biggest Bucks
"The biggest bucks are currently earned not through the delivery of care, but from overseeing the business of medicine." That's the word from a post in the New York Times. "The base pay of insurance executives, hospital executives and even hospital administrators often far outstrips doctors’ salaries, according to an analysis performed for The New York Times by Compdata Surveys: $584,000 on average for an insurance chief executive officer, $386,000 for a hospital C.E.O. and $237,000 for a hospital administrator, compared with $306,000 for a surgeon and $185,000 for a general doctor....Mark T. Bertolini, the chief executive of Aetna, earned a salary of about $977,000 in 2012 but a total compensation package of over $36 million, the bulk of it from stocks vested and options he exercised that year." Read more.