Big salaries and bonuses play a role...BD
Hawaii Medical Service Association posted a net loss of $4.3 million for the quarter, while Kaiser Foundation Health Plan Hawaii reported a $3.2 million loss. The losses follow criticism of HMSA for paying its chief executive $1 million last year and a shake-up at Kaiser, which began a cost-cutting program that led to 54 layoffs and a management overhaul.
Last year, HMSA paid its Chief Executive Bob Hiam a $620,000 salary and $497,117 performance bonus, after the company posted $2.1 billion in revenue.
Hawaii: Health Insurers Report Losses | Chron.com - Houston Chronicle
0 comments :
Post a Comment