Blue Cross â€“ Rolling in the Money
After commenting earlier this week on Blue Cross’s outsized executive compensation I obtained the official filing detailing what the executives make, who is on the board, and how much they are paid. Take a look! You can find the answers to fun questions like:
- Are many Blue Cross nonprofit board members really paid nearly as much (or more) for attending a few meetings than ordinary North Carolinians’ median annual income?
- Blue Cross didn’t really raise my rates through the roof and then give a $400,000 bonus to their vice president of human resources did they?
- Such a big conflict of interest would never happen where the CEO of the biggest public hospital system in the state who negotiates with Blue regularly on what rates will be paid for health services would be chairman of Blue’s board and get $47,051 in annual compensation for that service. Would it?