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WellPoint
From SourceWatch
WellPoint is the largest health insurer in the U.S. It provides coverage to 34 million customers, primarily under the Blue Cross and Blue Shield name. In 14 states, it is a Blue Cross or BCSB licensee. In other states, it provides coverage under the Unicare name. Wellpoint offers plans such as HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization) to individuals, employers, and recipients of Medicare and Medicaid. [1]
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Political contributions
WellPoint gave $430,580 to federal candidates in the 2006 election through its political action committee - 16% to Democrats, 82% to Republicans, and 2% ($8,000) to Joseph Lieberman (I-CT). [2]
Lobbying
Wellpoint, as a subsidiary of Blue Cross/Blue Shield, spent $1,760,000 for lobbying in 2006. [3]
Personnel
| Key executives and 2006 pay: [4] | Options exercised |
|||
| Larry C. Glasscock, Chairman, Chairman of Exec. Committee | $1,290,000 | $9,530,000 | ||
| John S. Watts, Jr., CEO of Commercial & Consumer Bus. | $1,530,000 | $3,860,000 | ||
| Joan Herman, CEO of Sr. Specialty & State Sponsored Programs | $1,570,000 | $11,150,000 | ||
| Michael A. Stocker, CEO of East Region | $6,260,000 | $12,270,000 | ||
| Alice F. Rosenblatt, Chief Actuary | $1,400,000 | $10,070,000 |
Selected members of the Board of Directors: [5]
- Lenox D. Baker, Jr., Also President, Mid-Atlantic Cardiothoracic Surgeons, Ltd.
- Ramiro G. Peru, Also Executive Vice President and Chief Financial Officer, Swift Corporation
- George A. Schaefer, Jr., Also Chairman, Fifth Third Bancorp
Contact details
120 Monument Circle
Indianapolis, IN 46204
Phone: 317-532-6000
Fax: 317-488-6028
Web: http://www.wellpoint.com
References
- ↑ WellPoint Profile, Hoovers, accessed September 2007.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed September 2007.
- ↑ WellPoint lobbying expenses, Open Secrets.
- ↑ WellPoint Key Executives, Yahoo Finance, accessed September 2007.
- ↑ Board of Directors, WellPoint, accessed September 2007.
