Excessive Executive Compensation Clawback

… but for the Obamacare 20% limit on “the skim”, that $1.0 Billion would be going to excessive Executive Compensation in the health insurance industry.

8.2 million people may soon get health insurance rebates up to an average $155 per person
https://www.cnbc.com/2022/08/12/8point2-million-people-may-s…

The refunds are expected to average $141 per participant in plans through the marketplace, $155 for those in plans through small employers and $78 for enrollees in large-group plans.

The aggregate total being refunded — $1 billion — is down from $2 billion issued in 2021 and a record $2.5 billion in 2020.

The reason these rebates go out each year is related to a requirement that insurers spend at least 80% of premiums on health-care costs and reimburse policy holders for the difference if they do not meet that threshold.

intercst

11 Likes

Did these “clawbacks” come from the excessively compensated executives or from the shareholder’s potential dividends of these companies?

Jeff

4 Likes

OrmontUS asks,

Did these “clawbacks” come from the excessively compensated executives or from the shareholder’s potential dividends of these companies?

I’m pretty sure Executive Compensation comes first, then shareholders. Patient health is a distant third.

intercst

1 Like