From Lionel Mandrake's thread
http://www.democraticunderground.com/discuss/duboard.ph... The insurer, boosting Angela F. Braly's compensation package up to $13.1 million, draws further ire from policyholders in California.
WellPoint Inc. revealed Friday that it
boosted its chief executive's compensation 51% last year, even as the health insurance giant prepared massive rate increases in California that embroiled it in a national controversy over skyrocketing health insurance costs.
The proposed rate increases of up to 39% in individual policies turned the insurer into a flash point in the healthcare overhaul battle, breathing new life into President Obama's effort at a crucial time in the debate.
Chief Executive Angela F. Braly saw her total compensation shoot to $13.1 million, from $8.7 million a year earlier, according to a filing with the Securities and Exchange Commission. At least three other WellPoint executives got compensation increases of as much as 75%.The hefty packages come as WellPoint's California subsidiary, Anthem Blue Cross in Woodland Hills, seeks double-digit rate increases for many of its 800,000 members who buy individual policies.
California policyholders sharply criticized the WellPoint pay, complaining that they are subsidizing generous packages for millionaire executives. "It's unconscionable," said Mark Weiss, a Century City podiatrist whose Anthem policy will jump 35%. "How much more does somebody need?
| Poll result (108 votes) |
| No, I lost my job or had a pay reduction. | (30 votes, 28%) | Vote |
| My pay is the same. | (37 votes, 34%) | Vote |
| Yes but less than 5% | (26 votes, 24%) | Vote |
| Yes 5.001-10% | (5 votes, 5%) | Vote |
| Yes 10.001-15% | (4 votes, 4%) | Vote |
| Yes 15.001-20% | (1 votes, 1%) | Vote |
| Yes 20.001-25% | (1 votes, 1%) | Vote |
| Yes 25.001-40% | (2 votes, 2%) | Vote |
| Yes 40.001-51% | (1 votes, 1%) | Vote |
| Yes 51.001+% | (1 votes, 1%) | Vote |