Defense Base Act Compensation Blog

The Modern Day DBA Casualty

More Medical Waste

Posted by defensebaseactcomp on September 3, 2010

by Bryant Furlow at the New Mexico Independent

Despite a seven-year string of rate increases on New Mexico policyholders, the firm has not curbed executive compensation, officials testified at the hearing.

Top individual HSCS executives’ bonus pay for 2007, 2008 and 2009 well exceeded the company’s claimed $20 million loss over those three years on New Mexico health insurance policies. In 2008 alone, HCSC’s CEO and a company vice president took home nearly $20 million in bonuses, for example.

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