Not everyone lost out when health insurance co-ops tied to the Affordable Care Act fell flat. Juliegrace Brufke of the Daily Caller reports.
Thirty-four top executives at 10 failed Obamacare co-ops were paid a whopping $8,211,384 in 2014, according to 990 tax forms obtained by The Daily Caller News Foundation.
New York had the highest total, having paid four of its employees an astounding total of $1,156,317 , with Health Republic Insurance of New York CEO Debra Friedman taking in $427,632 and COO Nicholas Liguori making $316,411. Nevada Health Cooperative’s CEO had the highest salary of the year, receiving $428,001 in compensation for 2014.
Arizona’s Compass Cooperative Mutual Health Network, Inc. also provided hefty salaries — its CEO Kathleen Oestreich was compensated $377,279, while its COO Jean Tkachyk made $351,807.
The generous salaries were not new for 2014. In 2013, the top five employees of the South Carolina and Iowa-Nebraska exchange took in $1,722,652.
