The Washington Post reported that Cigna Corp. CEO David M. Cordani’s total compensation climbed 25 percent valued at $18.9 million last year. Cigna is the fourth-largest commercial health insurer in the United States, based on enrollment. This is exactly what is wrong with a for profit health care system. The young executive, who became CEO in 2010, also received $62,865 for security alarm installation and maintenance in 2011 after the company gave him $48,733 for the same thing the previous year.
Health insurers have taken criticism in recent years for giving their top executives big compensation hikes while the cost of insurance continues to outpace inflation and growth in wages.