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 The Massachusetts healthcare system is widely regarded as an example of how to provide universal coverage and keep costs low. While this article will not attempt to debate the merits of our state's attempts at healthcare reform, we are interested ensuring the general public is aware of the extent of compensation our local non-profit health insurers pay their top executives.
At the close of 2008, 51 executives at 6 of Massachusetts' Non Profit Health Insurance companies made over $37,379,626 in salaries, bonuses, and all other compensation. Nearly 40% of that figure went to 14 executives at Blue Cross Blue Shield of Massachusetts.
Each year all health insurers based in Massachusetts are required to file a number of exhibits with the Division of Insurance. You can get your copy at the Department of Public Records, One South Station, Boston, MA 02110. Or you can download a copy by clicking on one of the links next to each chart below. While your there, if your enrolled in one of these insurance plans we'd like to hear your thoughts and concerns about compensation. Over the next few weeks, I will also post a copy of each company's "Annual Report" with a summary of their gross earnings, margins and total members for comparson.
1. Blue Cross and Blue Shield of Massachusetts, Inc. (Eastern, Central and Western Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| Peter Meade, EVP, Corporate Affairs (former) |
2008 |
$4,073,405 |
| Cleve L. Killingsworth, CEO and Chairman of the Board |
2008 |
$3,669,330 |
| Carl J. Ascenzo, CIO and SVP (former) |
2008 |
$2,310,323 |
| Allen P. Maltz, CFO, Treasurer and EVP |
2008 |
$1,235,619 |
| Stephen R. Booma, EVP, Sales, Marketing Service & IT |
2008 |
$1,126,239 |
| Sandra L. Jesse, Chief Legal Officer, EVP and Asst. Secretary |
2008 |
$997,765 |
| Andrew Dreyfus, EVP, Health Care Services |
2008 |
$972,398 |
| John A. Fallon, Chief Medical Officer and SVP |
2008 |
$961,082 |
| Robert Mandel, VP, Health Care Services (former) |
2008 |
$843,198 |
| Maureen Coneys, SVP, Health and Wellness (former) |
2008 |
$761,151 |
| TOTAL |
2008 |
$14,871,510 |
| REVENUE |
2008 |
$6.7 Billion |
| NET INCOME |
2008 |
$21.7 Million |
| TOTAL MEMBERS |
2008 |
2.5 Million |
2. Tufts Associated Health Maintenance Organization, Inc. (Eastern Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| James J Roosevelt, Jr. , President and CEO |
2008 |
$1,060,160 |
| Maureen Arkle, VP of Operations (position terminatied) |
2008 |
$671,661 |
| J. Andrew Hilber, SVP and CFO (resigned in March) |
2008 |
$634,047 |
| Thomas Croswell, SVP and COO |
2008 |
$603,130 |
| Allen Hinkle, MD, SVP and Chief Medical Officer |
2008 |
$592,573 |
| Patricia Blake, VP of Senior Products |
2008 |
$557,532 |
| Patricia Trebino, SVP of Operations and CIO |
2008 |
$519,764 |
| Dan Rome, VP of Medical Affairs (position terminated) |
2008 |
$502,467 |
| Lois Cornell, SVP of HR and General Counsel |
2008 |
$494,147 |
| Brian Pagliaro, SVP of Sales |
2008 |
$411,819 |
| TOTAL |
2008 |
$6,047,300 |
| REVENUE |
2008 |
$2.3 Billion |
| NET INCOME |
2008 |
-$27.3 Million (loss) |
| TOTAL MEMBERS |
2008 |
698,000 |
3. Harvard Pilgrim Health Care of New England (Eastern Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| Charles D. Baker , President and CEO |
2008 |
$1,718,691 |
| Bruce Bullen, COO |
2008 |
$1,012,299 |
| Laura S. Peabody, Clerk and Secretary |
2008 |
$647,378 |
| James William DuCharme, CFO and Treasurer |
2008 |
$338,219 |
| Roberta H. Herman, MD, SVP and Chief Medical Officer |
2008 |
$515,266 |
| Vincent Capozzi, SVP Sales and Marketing |
2008 |
$498,489 |
| Gary H. Lin, SVP and Chief Actuary |
2008 |
$442,305 |
| Deborah A. Norton, SVP and CIO |
2008 |
$399,654 |
| Deborah Hicks, VP of HR |
2008 |
$391,665 |
| TOTAL |
2008 |
$5,963,966 |
| REVENUE |
2008 |
$2.5 Billion |
| NET INCOME |
2008 |
$48 Million |
| TOTAL MEMBERS |
2008 |
1 Million |
4. Fallon Community Health Plan, Inc. (Central Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| Eric H. Schultz , President and CEO |
2008 |
$714,280 |
| W. Patrick Hughes, Division President, Health Plan Operations |
2008 |
$602,575 |
| Charles Goheen, EVP & Chief Financial Officer |
2008 |
$477,053 |
| Richard Burke, Division President, Senior Care and Living |
2008 |
$354,083 |
| Anne Doyle, EVP & Chief Compliance Officer |
2008 |
$283,116 |
| Jill Goulet, Sales Executive II |
2008 |
$424,816 |
| Keith Ledoux, AVP New Business Development and Broker Relations |
2008 |
$319,653 |
| Dr. David Wilner, Physician and PACE Medical Director |
2008 |
$296,491 |
| Dr. Glenn Randall, Physician and PACE Program |
2008 |
$270,065 |
| John Monte, VP Administrative Operations |
2008 |
$265,496 |
| TOTAL |
2008 |
$4,007,629 |
| REVENUE |
2008 |
$1 billion |
| NET INCOME |
2008 |
$6.7 million |
| TOTAL MEMBERS |
2008 |
217,563 |
5. Health New England (Western Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| Peter F Straley, President and CEO |
2008 |
$922,201 |
| Thomas H. Ebert, MD, VP of Chief Medical Officer |
2008 |
$549,565 |
| Robert A. Kosier, VP Finance and CFO |
2008 |
$326,302 |
| Donna L O'Shea, MD, Medical Director |
2008 |
$267,627 |
| Maura C McCaffrey, VP of Marketing & Business Development |
2008 |
$258,867 |
| Juan A. Campbell, VP of Sales |
2008 |
$243,794 |
| James M. Kessler, VP and General Counsel |
2008 |
$234,983 |
| Phillip M. LaCombe, VP Information Technology |
2008 |
$234,294 |
| Amy B. Trombley, VP Human Resources |
2008 |
$229,602 |
| Paul Lagasse, Jr., Director of Information Technology |
2008 |
$157,381 |
| TOTAL |
2008 |
$3,424,716 |
| REVENUE |
2008 |
TBD |
| NET INCOME |
2008 |
TBD |
| TOTAL MEMBERS |
2008 |
106,000 |
6. Neighborhood Health Plan, Inc. (Eastern Massachusetts)
| Name of Executive |
Year |
Annual Compensation |
| Deborah C. Enos, CEO and President |
2008 |
$519,207 |
| Harold Putnam, CFO |
2008 |
$462,114 |
| Paul Mendis, MD, Chief Medical Officer |
2008 |
$343,017 |
| Marilyn Daly, Chief Information Officer |
2008 |
$271,792 |
| Pam Siren, VP Quality & Compliance |
2008 |
$262,698 |
| Joanne Landry, VP Operations |
2008 |
$267,948 |
| David Segal, Chief Operating Officer |
2008 |
$235,078 |
| Katherine Grimes, Special Programs Director |
2008 |
$250,813 |
| Carla Bettano, VP Business Development |
2008 |
$234,275 |
| Thankam Rangala, VP Provider Network Management |
2008 |
$217,562 |
| TOTAL |
2008 |
$3,064,505 |
| REVENUE |
2008 |
TBD |
| NET INCOME |
2008 |
TBD |
| TOTAL MEMBERS |
2008 |
187,000 |
About the Author:
My name is Dana Cutter and I am Founder and Editor of Medicare Sherpa. Our staff spends their days searching the Internet for the best content and advice on retirement. On our site you will find articles on Social Security, Medicare Benefits, Prescription Drug Benefits and more. Please feel fee to send me an email with ideas for content, site improvements or general help launching your online persona. I hope you will consider joining and I am looking forward to reading more about you online.
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