Corporate Hall of Shame Award
Now we know where that 25% rate hike by Anthem Blue Cross (a WellPoint subsidiary) went. I guess she deserves the raise since the stock prices gained ground steadily during the year, closing 38% higher. Braly probably deserves the raise for her testimony before Congress about the rate hikes when she claimed the rate hike was because of the soaring cost of medical care and the weak economy. The $2.7 billion dollar profit that WellPoint posted in the final quarter of 2009 certainly justifies her salary.
And it is great to know that Ms. Braly won't need to worry about insurance premiums rising or the cost of travel. The corporate jet and $292,036 in corporate perks will cover any concerns she might have.
Congratulations WellPoint! There is no end to the profits you can continue to earn by insuring our Nation's citizens. Now with Health Reform you will have millions of new customers and your execs can rest easy that their good fortunes will continue.