On Aug 13, 12:40 am, Sage2 <[email protected]> wrote: > > UnitedHealth Group's Stephen Hemsley - CEO Compensationbydanb > > > Stephen Hemsley - UnitedHealth Group Total Compensation: $3,241,042 Details:
I don't know who danb is. But yeah, let's get it straight from Forbes, someone we all know. Stephen J. Helsley did indeed earn $3.2 million in 2008. But just as true, he has $744.2 million in stock options. He ranks 346th on the Forbes list on executive pay in 2008...he didn't get to 364 on the list with just $3.2 million. Read it yourself. http://people.forbes.com/profile/stephen-j-hemsley/82872 > An$895 million class-action lawsuit over stock-option back datingaside, > Hemsley still manages to make the cut for this Sure, all he has to do is deny some more claims and/or raise premiums to account for it. Let's look at some of the class action lawsuits by the company he runs...but hinestly, there are so many class action law suits and blogs against this company it's hard to keep up with them all. 2004: http://www.fiercehealthcare.com/story/united-healthcare-pay-12m-settle-complaints/2007-09-07 Under the terms of a new agreement, United Healthcare will pay about $12 million to 37 states to address problems targeted by state insurance commissioners. As is usually the case, UH isn't copping to the allegations, which include concerns over claims handling and administrative practices. 2007: http://www.lawyersandsettlements.com/case/united-insurance-fraud.html The suit also states that United Healthcare's marketing practices fraudulently imply by names such as CompleteCare and SecureHorizons that the United insurance policies provide equal or complete care when in fact they provide far less care that the Medicare coverage that they replace. 2009: http://www.yourlawyer.com/topics/overview/UnitedHealth_Care_Reimbursement_Fraud UnitedHealth Group reached a settlement with the New York Attorney General's office over such charges. The company agreed to pay $50 million to reform the way it determines these reimbursements. The UnitedHealth Group reimbursement fraud has national implications, and goes far beyond UnitedHealth Group's own customers. The system UnitedHeath Group set up to determine reimbursements was used by insurance companies nationwide. This system was based on a computer database operated by Ingenix, a wholly-owned subsidiary of UnitedHealth. Under this set up, millions of people were underpaid when Ingenix determined reimbursements. Millions of people in New Jersey, Florida and California likely paid too much for medical care because of UnitedHealth Group's Ingenix reimbursement scheme. UnitedHealth Group scheme: United insurers knew most simple doctor visits cost $200, but claimed to their members the typical rate was only $77. The insurers then applied the contractual reimbursement rate of 80%, covering only $62 for a $200 bill, and leaving the patient to cover the $138 balance. 2009: http://wcco.com/local/unitedhealth.settlement.lawsuit.2.1123864.html Federal Judge OKs $925M UnitedHealth Settlement But let's not mention the $64.8 million in lawyer fees UHC paid fighting it. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
