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Politics

I don't think so - Insurance industry cashing in

Posted: Mar 19th, 2019 - 8:00 pm In Reply to: Most of the increased cost of everything now from student - loans to health care is BECAUSE

Stephen Hemsley, UnitedHealth Group Inc. executive chairman

Total compensation: $26,975,932 for the year ended Dec. 31, 2017

Salary: $1,206,538

Nonequity incentive pay: $5,745,600

Other compensation: $170,481

Exercised stock options: $0

Value realized on vesting shares: $19,853,313

New stock options: 96,706

Total 2017 shareholder return: 39.8 percent

CEO pay ratio: 298:1

Median employee pay: $58,378

Note: Hemsley retired as CEO on Sept. 1, 2017, and assumed the role of executive chairman. Hemsley took over the CEO role in 2006.

Few CEOs in the country have overseen as much growth as that of the Minnetonka-based health care company under Hemsley’s tenure. In 2006 United’s total revenue was $70.7 billion, and last year the company recorded revenue of $200.1 billion and earned a record $10.5 billion in net income. The shares of UnitedHealth have had a total return of 360 percent while he has been CEO, compared with the S&P 500’s 77 percent.

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