Health insurers Harvard Pilgrim Health Care and Tufts Health Plan announced Wednesday that their board members will discuss ending their five-figure annual payments, following a decision by Blue Cross Blue Shield of Massachusetts to indefinitely suspend board pay, according to a Boston Globe report.
Blue Cross' actions followed public criticism over the $11 million severance package paid to former BCBSMA CEO Clive Killingsworth. According to the report, documents filed by Harvard Pilgrim and Tufts last week showed the directors earned high wages for part-time board service in 2010. Compensation ranged from $21,900-$68,100 at Harvard Pilgrim and from $19,500-$82,500 at Tufts.
One Tufts board member, Thomas P. O'Neill, III, CEO of Boston public affairs firm O'Neill & Associates, said he will not accept compensation until the board has settled the issue. He asked Tufts CEO James Roosevelt, Jr. to donate the money he has not received already for 2011 to Boston Health Care for the Homeless.
Read the Boston Globe report on health insurer board pay.
Read more on compensation:
-North Carolina's Haywood Regional Medical Center Pays Former CEO $150,000, Settles Lawsuit
-South Carolina's Novant Health Sees Employee Complaints Over Executive Bonuses
-Average Licensed Practice Nurse Salary: How Does Your Compensation Compare?
Blue Cross' actions followed public criticism over the $11 million severance package paid to former BCBSMA CEO Clive Killingsworth. According to the report, documents filed by Harvard Pilgrim and Tufts last week showed the directors earned high wages for part-time board service in 2010. Compensation ranged from $21,900-$68,100 at Harvard Pilgrim and from $19,500-$82,500 at Tufts.
One Tufts board member, Thomas P. O'Neill, III, CEO of Boston public affairs firm O'Neill & Associates, said he will not accept compensation until the board has settled the issue. He asked Tufts CEO James Roosevelt, Jr. to donate the money he has not received already for 2011 to Boston Health Care for the Homeless.
Read the Boston Globe report on health insurer board pay.
Read more on compensation:
-North Carolina's Haywood Regional Medical Center Pays Former CEO $150,000, Settles Lawsuit
-South Carolina's Novant Health Sees Employee Complaints Over Executive Bonuses
-Average Licensed Practice Nurse Salary: How Does Your Compensation Compare?