Humana - Michael McCallister

CEO payouts at 8 largest health insurers

By Dina Overland

Michael McCallister - Humana

Total Revenue: $39.1 billion

Compensation: $8.4 million

Details: McCallister finished his term as Humana's CEO at the end of 2012, with Bruce Broussard taking over the helm on Jan. 1. The second largest Medicare insurer has taken a cautious approach to the health insurance exchanges, selling HMO-style plans on 14 different online marketplaces. Humana also expects the exchanges to present long-term opportunities, particularly because they're aligned with the company's core capabilities in chronic care management.

One of Human's biggest moves has been to expand its Medicare Advantage plans, despite steep cuts in federal payments to the program. That's because Humana's Medicare Advantage business has contributed to a threefold increase in revenue, including adding more than $9 billion to its value, over the last 10 years.

Compensation: McCallister earned a litte more than $1 million in base pay during his last year as Humana's CEO. He also received $1.7 million in stock awards, $3.3 million in option awards and $1.6 million in non-equity incentives. Plus, he earned $667,000 in other compensation. Humana also spent almost $360,000 for McCallister to use the corporate aircraft.

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