Hasta la vista--for now. Will Schwarzenegger's move terminate policy plans?
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Biomedical subjects
Publications and source records attributed to Laura B Benko.
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Indianapolis-based Anthem, left, agrees to acquire rival Wellpoint Health Networks for $16.4 billion, creating the nation's largest health insurer. On the same day, current industry leader UnitedHealth Group agrees to pay $2.95 billion for Mid Atlantic Medical Services in an attempt to gain market dominance over the Eastern seaboard. What will the creation of these health plan powerhouses mean for providers.
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Thanks to higher premiums and a slowing of medical cost growth, the second quarter brought soaring profits at health plans across the nation. Hospitals plan to escalate their push for higher reimbursement while the iron is hot. Yet Oxford Health Plans President and CEO Charles Berg, left, says big profits don't paint the whole picture.
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Modern Healthcare's first comprehensive report on CEO pay at the top for-profit healthcare providers and insurers shows pay and stock performance aren't always linked. One exception is Norman Payson, left, who was tapped in 1998 to help turn around then-faltering Oxford Health Plans. He pulled in total direct compensation of $76 million last year, including $73 million in exercised stock options.