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Health Administration Responsibility Project |
HMO Executive Salaries
Reprinted from FAMILIES USA
Are their budgets really so spare that they couldn't absorb any cost increases without raising premiums?
For a start, we might look at the amount of premium dollars removed from patient care by being paid to executives.
You decide how much room there is for savings.
The 25 Highest
Paid HMO Executives 1996 Annual Compensation
Exclusive of
Unexercised Stock Options
| Stephen Wiggins, CEO, Oxford Health Plans, Inc. | $29,061,599 |
| Wilson Taylor, Chairman and CEO, CIGNA Corporation | $11,568,410 |
| David Snow, Executive Vice President, Oxford Health Plans, Inc. | $10,403,451 |
| Robert Smoler, Executive Vice President, Oxford Health Plans, Inc. | $10,085,972 |
| William Sullivan, President, Oxford Health Plans, Inc. | $7,823,076 |
| Joseph Sebastianelli, President, Aetna, Inc. | $7,394,506 |
| Michael Cardillo, Executive Vice President, Aetna, Inc. | $7,069,969 |
| Leonard Schaeffer, Chairman and CEO, WellPoint Health Networks, Inc. | $7,010,698 |
| George Jochum, President and CEO, Mid-Atlantic Medical Services, Inc. | $6,526,065 |
| Ronald Compton, Chairman and CEO, Aetna, Inc. | $5,813,287 |
| Wayne Smith, Former President, Humana, Inc. | $5,166,575 |
| James Stewart, Executive Vice President, CIGNA Corporation | $4,832,799 |
| Richard Huber, Vice Chairman, Aetna, Inc. | $4,801,841 |
| Roger Taylor, Executive Vice President, PacifiCare Health Systems, Inc. | $4,103,864 |
| Daniel Crowley, CEO and President, Foundation Health Corporation | $3,849,023 |
| Gerald Isom, President, Property and Casualty, CIGNA Corporation | $3,778,293 |
| Alan Hoops, President and CEO, PacifiCare Health Systems, Inc. | $3,221,602 |
| Daniel Kearney, Executive Vice President, Aetna, Inc | $3,189,272 |
| D. Mark Weinberg, Exec. Vice President, WellPoint Health Networks, Inc. | $3,009,944 |
| Donald Levinson, Executive Vice President, CIGNA Corporation | $2,985,017 |
| Ronald Williams, Exec. Vice President, WellPoint Health Networks, Inc. | $2,827,381 |
| Allen Wise, Executive Vice President, United HealthCare Corporation | $2,697,751 |
| Jeffrey Elder, Senior Vice President, Foundation Health Corporation | $2,235,783 |
| H. Edward Hanway, President CIGNA HealthCare, CIGNA Corporation | $2,217,711 |
| Kirk Benson, President and COO, Foundation Health Corporation | $2,104,414 |
Totals, by Company, of Executives in above list only:
| Oxford Health Plans, Inc. | $57,374,098 |
| Aetna, Inc | $28,268,875 |
| CIGNA Corporation | $25,382,230 |
| WellPoint Health Networks, Inc. | $12,848,023 |
| Foundation Health Corporation | $8,189,220 |
| Mid-Atlantic Medical Services, Inc. | $6,526,065 |
| PacifiCare Health Systems, Inc. | $7,325,466 |
| Humana, Inc. | $5,166,575 |
| United HealthCare Corporation | $2,697,751 |
| Cumulative Total | $153,778,303 |
The 25 Executives
with the Largest Unexercised
Stock Option Packages in 1996
| Stephen Wiggins, CEO, Oxford Health Plans, Inc. | $82,799,000 |
| William McGuire, CEO, United HealthCare Corporation | $50,042,237 |
| David Snow, Executive Vice President, Oxford Health Plans, Inc. | $23,888,000 |
| William Sullivan, President, Oxford Health Plans, Inc. | $20,408,000 |
| Alan Hoops, President and CEO, PacifiCare Health Systems, Inc. | $15,338,120 |
| Robert Smoler, Executive Vice President, Oxford Health Plans, Inc. | $14,015,000 |
| Wilson Taylor, Chairman and CEO, CIGNA Corporation | $12,057,758 |
| Samuel Miller, Executive Vice President, United Wisconsin Services, Inc. | $9,340,174 |
| Wayne Smith, Former President, Humana, Inc. | $9,170,060 |
| Ronald Compton, Chairman and CEO, Aetna, Inc. | $8,466,861 |
| Peter Ratican, CEO and President, Maxicare Health Plans, Inc. | $7,675,726 |
| Eugene Froelich, Executive Vice President, Maxicare Health Plans, Inc. | $7,675,726 |
| Jeffrey Folick, Executive Vice President, PacifiCare Health Systems, Inc. | $7,175,127 |
| Leonard Schaeffer, Chairman and CEO, WellPoint Health Networks, Inc. | $7,173,773 |
| James Stewart, Executive Vice President, CIGNA Corporation | $7,073,436 |
| Travers Wills, COO, United HealthCare Corporation | $6,963,427 |
| Gerald Isom, President, Property and Casualty, CIGNA Corporation | $6,394,629 |
| Jeffrey Boyd, Executive Vice President, Oxford Health Plans, Inc. | $6,323,000 |
| Malik Hasan, CEO, Health Systems International, Inc. | $5,998,062 |
| Richard Huber, Vice Chairman, Aetna, Inc. | $5,289,951 |
| Daniel Kearney, Executive Vice President, Aetna, Inc. | $5,006,625 |
| George Jochum, President and CEO, Mid-Atlantic Medical Services, Inc. | $4,941,189 |
| Wayne Lowell, Executive Vice President, PacifiCare Health Systems, Inc. | $4,775,598 |
| H. Edward Hanway, President CIGNA HealthCare, CIGNA Corporation | $ 4,743,391 |
| Daniel Crowley, CEO and President, Foundation Health Corporation | $ 4,621,590 |
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