Wednesday, April 13, 2011

So, What’s the Problem, Duh !


INDIANAPOLIS -- Health insurer UnitedHealth Group's earnings rose 21 percent last year and so did the compensation it gave CEO Stephen Hemsley .

The 58-year-old executive received a pay package totaling $10.8 million from the Minnetonka, Minn., managed care company. That includes a salary and performance-related bonus amounting to $4.7 million and stock and options valued at $6 million.

UnitedHealth is the largest health insurer based on revenue. Its net income climbed 21 percent last year to $4.6 billion, and its share price rose 18 percent. That's higher than the increase recorded by the Standard & Poor's 500 index in 2010.


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