UnitedHealth's Stephen Hemsley earned nearly $9 million in 2009, big pay increase over 2008

The executive compensation of UnitedHealth Group President Stephen Hemsley shot up to $8.9 million last year, up from $3.24 million in 2008, according to the health insurer's latest proxy statement.

Restricted shares and stock appreciation rights comprised the bulk of Hemsley's 2009 compensation package. He received $4.1 million in restricted and performance-based stocks, as well as $1.4 million in stock appreciation rights. Hemsley's non-equity incentive plan compensation improved from $1.8 million in 2008 to $1.95 million in 2009, but was still significantly lower than the $3.6 million he received in 2007.

His base salary of $1.3 million has remained the same since 2007.

Hemsley's compensation package ranks well below the $18 million-plus earned by Aetna's Ron Williams and the $13.1 million earned by WellPoint's Angela Braly. However, Hemsley's compensation was more than the $6.6 million earned by Cigna's David Cordani and the $6.5 million earned by Humana's Michael McCallister.

For more information:
- check out UnitedHealth's proxy statement (page 47)

Suggested Articles

The Federal Trade Commission issued orders to five health insurance companies and two health systems seeking data to study the effects of COPAs.

An influential group of Republican lawmakers released its latest healthcare plan, which closely resembles prior Affordable Care Act repeal efforts.

An ACA public option could lead to lower premiums for commercial plans by sparking more competition, an analysis found.