L.A. Times Report on Anthem Salaries
By Scott Glovsky on April 10th, 2015 in In The Media
According to the Los Angeles Times, Anthem, Inc. (“Anthem”) paid its CEO and President, Joseph R. Swedish $8 million in 2014, in addition to a stock and options award worth $10 million. Anthem is the parent company of Anthem Blue Cross dba Blue Cross of California and is the largest insurer in California. In 2014, Anthem also paid, in salary and stock and options awards, its CFO $15.17 million, its Commercial and Specialty Business President $9.15 million, its Government Business Division President $6.18 million, its Chief Administrative Officer $5.64 million, and its Government Business Division Vice President $5.48 million.
Anthem made these payments in the same year that it defrauded potentially tens of thousands of Californians into purchasing individual health plans with provider networks so narrow that they are virtually useless to many people. Anthem misrepresented the doctors that were in its plan’s networks, induced consumers to sign up with Anthem, and then caused consumers to seek treatment from out-of-network providers. As a result, potentially thousands of Anthem members in California have been stuck paying for treatments that Anthem should have covered while paying premiums for insurance that they cannot use. The Law Offices of Scott Glovsky has brought a class action and individual actions on behalf of many such Californians and these cases are pending before the Superior Court of California in Los Angeles.