May 19, 2009

BCBSNC CEO Bob Greczyn is one of the highest paid insurance executives in the nation

Posted at 4:05 PM by Adam Linker

As Blue Cross and Blue Shield of North Carolina was busy bamboozling the State Health Plan, cutting radio ads to attack state employees, and plotting commercials to bash President Barack Obama’s health reform effort, CEO Bob Grezcyn raked in $3.99 million in pay for 2008.

A new analysis of the top ten highest paid insurance company CEOs shows that Grezcyn would make the list if BCBSNC were a public company. Poor Stephen Hemsley at UnitedHealth Group made a measly $3.2 million in 2008 while Richard Barasch of Universal American scraped by with $3.5 million.

That would put Grezcyn at number nine on the list and Hemsley would fall out of the top ten. To move up a notch Grezcyn would need to eek enough out of policy holders to make $4.4 million, which is how much Health Net CEO Jay Gellert brought home in 2008.

What a bummer for Grezcyn, only the ninth highest paid insurance executive in the nation. Well, there’s always 2009 — and this one is already shaping up to be a heck of a year for the state’s largest insurer.

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5 Comments

5 Comments Add yours »

The Progressive Pulse – Too Bad Crossover’s Over 19 May 2009 5:54 pm

[...] to bloggers and reporters, we know that a lot of our extraneous dollars are going toward enriching non-profit [...]

Louie 20 May 2009 3:57 am

it would be interesting to see if anybody has done an equivalent study for CEO’s of so called ‘non-profit’ hospitals in NC and throughout the USA

leon 11 Sep 2009 5:41 pm

Louie; Great point to make. try working in one of these hospital where you keep getting the dark and grim side of the financial situations as in cutting staff and hours to compensate for the lost only to hear of the CEO getting crazy high salary along with millons of bonus. It’s time for these Mega healthcare systems to stop being so bonus driven and remember they are still a service indusrty and get back to providing care a call patients patients instead of customers!!!!

ceo progressive insurance « insurance webs 20 Jun 2010 7:25 pm

[...] 10.The Progressive Pulse – BCBSNC CEO Bob Greczyn is one of the A new analysis of the top ten highest paid insurance company CEOs shows that Grezcyn would make the list if BCBSNC were a public company. Poor Stephen Hemsley … To move up a notch Grezcyn would need to eek enough out of policy holders to make $4.4 million, which is how much Health Net CEO Jay Gellert brought home in 2008. http://pulse.ncpolicywatch.org/2009/05/19/bcbsnc-ceo-bob-greczyn-is-one-of-the-highest-paid-insurance-executives-in-the-nation/ [...]

Eventsearch.us 28 Jul 2010 8:44 am

I like such people as Bob Greczyn. You have a lot to learn from them. It is a pity there is so little information about him.

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