Monday, February 18, 2008

The three top executives of Western New York's dominant nonprofit health insurers boosted their combined takehome pay

http://news.manta.com/articles/description/200707081707520_10853300_0-0304

Jul. 8, 2007 (McClatchy-Tribune Regional News) -- The three top executives of Western New York's dominant nonprofit health insurers boosted their combined takehome pay to $3.77 million last year, even though their companies' total earnings surplus fell by more than 18 percent, according to state regulatory filings. HealthNow New York, Independent Health Association and Excellus Health Plan earned a total of $287.6 million in 2006, down significantly from $351.1 million the year before. Yet only Excellus' CEO, David Klein, saw any drop in pay -- and only by $3,300, holding above $1.78 million. Meanwhile, consumers continue to see high-single-digit or even double-digit premium...

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