Jets of the Health Insurance Industry (FAA Verifiable)

[anon-y-moose]

Last edited Mon Jun 25, 2012, 07:21 PM - Edit history (15)

(YOUR HEALTH INSURANCE $$$$ AT WORK)


Thought this might of interest (I was a corporate pilot for many years)
Will add post from time to time......

"FOLLOW THE MONEY"

BLUE CROSS AND BLUE SHIELD OF SC

2501 FARAWAY DR
COLUMBIA , SC. 29223-3970
1-888-410-2227
2005 CESSNA 680

$8,950,000.00 USD
$1688.76 per hour

UNITED HEALTH CARE
HAWKER 800XP
N803FL



Price $7,500,000.00 USD
$1431.67 per hour

N733K
Humana's Falon 50
They have 4 others...


Price $14,995,000.00 USD
3100.00 per hour

http://registry.faa.gov/aircraftinquiry/NNum_Results.aspx?NNumbertxt=733K&x=0&y=0

I wonder what kind of jet does medicare use ?
(SEE BELOW)


UNITED HEALTH CARE
GULFSTREAM G50
N56UH




Insurance executives eat like birds! (for better tyranny)
$67,000,000
$3,300.00 per hour



UNITED HEALTH CARE

DASSAULT
FALCON 2000EX
N267BW



$26,150,000 USD
$2,700.00 per hour
http://registry.faa.gov/aircraftinquiry/Name_Results.aspx?Nametxt=UNITED+HEALTH&sort_option=1&PageNo=1


CIGNA CORPORATION

DASSAULT
FALCON 900EX
N176CL






$20,500,000 USD
$2400.00 per hour


CIGNA CORPORATION

DASSAULT
FALCON 2000EX
N176CG


$19,495,000
$2300.00 per hour


Kaiser Permanente
(not for profit)

1991 Cessna 560

N115K


Aprox: 1,400,000 USD
$1200.00 per hour


Now Medicare
Here's what they used to have,
(for sale now)

1976 Cessna 414


$356,000 USD
Cost Per Hour $238.87


BLUE CROSS AND BLUE SHIELD OF IOWA

N586BC
1986 Super King Air 200


Price $1,995,000 USD
Cost Per Hour: $541.60


Meet the parasites:

Ron Williams - Aetna




Total Compensation: $24,300,112

Details: Williams earned $24,300,112 in total compensation for 2008, with more than half of that ($13,537,365) coming from option awards. He also received an additional $6,456,630 in stock awards to go along with his base salary of $1,091,764.

Personal use of a corporate aircraft and vehicle, as well as financial planning and 401(k) company matches added up to $101,487 for Williams...



H. Edward Hanway - CIGNA



Total Compensation: $12,236,740

Details: Hanway took a significant pay cut from 2007 to 2008, due mainly to a drop off of more than $11 million in his non-equity incentive plan compensation. Still, his base salary of $1,142,885 surpasses that of Aetna's Williams, and is supplemented by just over $3.6 million in option awards, and just over $820,000 in non-qualified deferred compensation earnings.

Also, nearly $21,800 in "other compensation" included the use of a company car with a driver, in-office meals, and emergency assistance services relating to medical exams...



Angela Braly - WellPoint


Total Compensation: $9,844,212

Details: Braly, like Williams, earned more money in 2008 ($9,844,212) than in 2007 (9,094,271), increasing her option rewards by nearly $1.5 million, and also receiving a $200,000-plus bump in base salary, from $922,269 to $1,135,538. Braly's stock awards dropped from $2,160,159 to $1,750,015 because, according to the SEC, "performance-based restricted stock units awarded in 2008 were cancelled because our ROE target for 2008 was not met."

Braly's "other compensation" comprised use of a private jet for her and her family on business trips, just under $10,000 for legal services relating to her employment agreement and cash credits....

[ewagner]

1. United Health

..also flys a Falcon 50...and they are more likely in the $13-15MM range USED!!!! If it's only $5MM then the engines are about to need overhaul.

[anon-y-moose]

2. yes the 5mil was baised on old data

Thank you

[iamtechus]

3. Why would anyone in that industry need a jet?

I can't think of a valid business reason for any of them to fly anywhere on company business (I'm retired from a large airline). Those leeches only have to sit and communicate and the less of that the better.

[ewagner]

4. I can think of a few reasons:

acquiring smaller health insurance companies
negotiating fees with hospitals and providers
appearing at hearings and conferences and legislative inquiries.

there's a pretty good list of why the execs need to be in some places pretty quickly

[Zalatix]

5. Give me $5,000

and I can achieve the same thing with a computer, routers and fiber optic cables that these guys do with a jet.

[anon-y-moose]

6. But not in luxury, without the nuisance of the TSA

Last edited Tue Jan 3, 2012, 10:59 PM - Edit history (1)

[Occulus]

9. "there's a pretty good list of why the execs need to be in some places pretty quickly"

No, there isn't.

[anon-y-moose]

7. Any time I flew turds from the insrance companys they wanted to go to Tederburro, Nj

Last edited Sat Mar 3, 2012, 09:05 PM - Edit history (1)

FYI Tederburro, Nj is across the river from "Wall Street"

The second most popular was D.C.

[anon-y-moose]

8. update

[anon-y-moose]

10. 2'nd update

[anon-y-moose]

11. Jets of the Health Insurance Industry (FAA Verifiable)

Last edited Tue Feb 28, 2012, 08:14 PM - Edit history (1)

3'd update

[anon-y-moose]

12. yes!