Health insurance premiums continue to rise well beyond the rate of inflation. And, given the uncertainty in the marketplace, these premiums could increase exponentially in certain geographic locations. There is a plethora of contributing factors but the epicenter seems to be under the dome on Capitol Hill. Politicians debate ideology not practicality.
Now to the CEO’s. No debate here. Despite the Trump administration’s injection of uncertainty in the marketplace, most of the CEO’s at eight of the largest publicly traded insurance companies received healthy pay raises last year. These eight executives made a whopping $171.8 million in total compensation for 2016 according to a Modern Healthcare analysis of company proxy statements. The study reports that the compensation would be enough to cover the average annual premium for about 59-thousand people enrolled in the most popular plan on the exchanges before financial assistance. NPR reports that CEO compensation far outstrips the wage growth of nearly all Americans.
Our Note: Many insurers refer to themselves as non-profits.
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