Though the big health insurers fought many provisions of the Affordable Care Act (ACA) tooth and nail, that didn't stop them from finding a rainbow in the midst of health care reform and jacking up the pay of their chief executive officers.
Aetna CEO Mark Bertolini is now up in the stratosphere with total compensation at $30.7 million a year. Other CEOs are following closely in his footsteps.
The health insurance compensation escalator has Rep. John Conyers (D.-Mich.) fuming and calling for an investigation.
“The United States’ health care sector has been in need of repair for decades, and over-the-top executive compensation is emblematic of the failure of our private health insurance system,” Conyers said.