From Health Plan Week - UnitedHealth Group experienced one of its best years financially in 2011, and its executives were handsomely rewarded as a result. According to a proxy statement filed by the insurer late last month, its top six executives received double-digit percentage increases in total compensation compared with 2010. Gail Boudreaux, CEO of the UnitedHealthcare division, saw the biggest percentage increase at 71.4%. Her total compensation — which includes salary, bonuses, stock and options awards, and non-equity incentives — was $10,925,315 in 2011, up from $6,373,746 the prior year. Read more
From Health Plan Week - It’s no surprise that health insurers are becoming more consumer-centric as 2014 and the launch of state health exchanges near. But an analysis performed exclusively for HPW of advertising spend shows that insurers not only are boosting their overall advertising budgets, but also are shifting their messaging to the Internet and television with less emphasis on outdoor and radio. Five of the nation’s largest publicly traded health insurers collectively spent $366.8… Read more
From AIS's Health Reform Week - The latest political skirmish on Capitol Hill has again put the health reform law’s prevention fund at risk, with the Republican-led House approving a bill April 26 that drains the $15 billion fund in order to pay for maintaining college-student loan interest rates at current levels. The vote has left health care policy observers scratching their heads on what happens next, given the prevention fund’s ascension from a relatively obscure part… Read more
From Medicare Advantage News - What reportedly began as a Minnesota health plan’s heartfelt attempt to help the state with a record budget deficit has mushroomed into a federal investigation (or two) and prompted a congressional hearing in which its motives were attacked. Read more
From Drug Benefit News - Managed care organizations are increasingly being put in a position of subsidizing consumer copay coupons as pharmaceutical manufacturers attempt to maintain market share of brand-name drugs. Read more
From Report on Medicare Compliance - Now that he is a compliance officer, James Sheehan — former federal prosecutor and New York state Medicaid inspector general — has found that the job is not playing out like he expected. Through the looking glass, Sheehan sees that the reality of operating a compliance program often has nothing to do with the perceptions of people on the other side. After blazing many trails in the U.S. Read more
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