House Panel Asks Health Insurers for Executive Pay, Other Financials

By Staff Report

Aug. 21, 2009

A House committee with jurisdiction over health care reform legislation has sent letters to more than 50 major commercial health insurers asking them to identify by name each executive who earned at least $500,000 a year in any year from 2003 to 2008.

The letter, signed by Rep. Henry Waxman, D-California, chairman of the House Energy and Commerce Committee, and several other Democratic panel members, asks for salary information for those individuals, as well as bonuses and the fair value of stock and option awards, among other things.

The letter also requests premium payments, claims payments, sales expenses, administrative expenses and profits for 2005 to 2008.

The letter says the insurers should break down the information by such categories as self-funded employer coverage, insured employer coverage, individual coverage and government segments, including Medicare and Medicaid.

In addition, the letter asks the insurers to detail the money they have spent on conferences held outside their facilities since 2007.

The letter says the information is needed as part of the committee’s examination of “compensation and other business practices in the health insurance industry.”

The letter requests the information by September 14, though the committee has no legal right to force the disclosure of the information.

Filed by Jerry Geisel of Business Insurance, a sister publication of Workforce Management. To comment, e-mail

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

What’s New at

blog workforce

Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.

Book a call
See the software

Related Articles

workforce blog

Staffing Management

Managing employee time-off requests: A guide for business owners

Summary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...

workforce blog


Labor analytics: A how-to guide for company leadership

Make sure to start small, clean your data, use data from a variety of sources and use desired business ...

data analytics, employee data, HR Tech, people analytics, talent management

workforce blog


Why tattleware isn’t the solution for underperforming teams

If your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...

employee monitoring, HR technology, tattleware