WellPoint isn’t raising just consumers’ premiums
Tuesday, April 6, 2010
Los Angeles Times: After proposing rate increases of up to 39% for some California policyholders, executives of the insurance giant WellPoint revealed the compensation of chief executive Angela F. Braly increased 51% last year, from $8.7 million to $13.1 million. Duke Helfand and Walter Hamilton report at least three other company executives saw increases of more than $1.5 million. Company officials say the raises reflect the 38% increase in the company’s stock price last year. Meanwhile, many of WellPoint’s 800,000 California members with individual policies though its Anthem Blue Cross subsidiary would see double-digit percentage increases in their premiums under the company’s request to regulators.