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Health Insurance CEO’s $73 Million Bonus Covers a Lot of Co-Pays |
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Wednesday, 06 January 2010 |
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Millions of working families are struggling to pay the ever-rising costs of health care or going without, and they await what Congress will do with health care reform.
But one person who won’t have to worry about the final shape of health care legislation is H. Edward Hanway. He just retired as CEO and chairman of the board of the health insurance behemoth CIGNA. Even if his co-pays double and his deductibles and premiums rise, his $73 million retirement bonus—not to mention $12 million compensation in 2009—should take care of those pesky increases. Meanwhile, the House and Senate leaders are meeting this evening with President Obama to try to hash out the next steps in the health care battle, now that both houses have passed bills with significant differences. |