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

Posted By Adam Linker On May 19, 2009 @ 4:05 pm In Uncategorized | Comments Disabled

As Blue Cross and Blue Shield of North Carolina was busy bamboozling [1] the State Health Plan, cutting radio ads to attack state employees, and plotting [2] commercials to bash President Barack Obama’s health reform effort, CEO Bob Grezcyn raked [3] in $3.99 million in pay for 2008.

A new analysis [4] 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.

Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org

URL to article: http://pulse.ncpolicywatch.org/2009/05/19/bcbsnc-ceo-bob-greczyn-is-one-of-the-highest-paid-insurance-executives-in-the-nation/

URLs in this post:

[1] bamboozling: http://pulse.ncpolicywatch.org/2009/03/18/blue-cross-takes-state-to-the-cleaners-in-contract/

[2] plotting: http://pulse.ncpolicywatch.org/2009/05/19/top-of-the-morning-101/

[3] raked: http://pulse.ncpolicywatch.org/2009/03/05/nc-blue-cross-2008-executive-and-board-compensation/

[4] analysis: http://www.fiercehealthcare.com/special-reports/total-package-health-plan-ceo-compensations-2008?utm_medium=nl&utm_source=internal

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