Cigna CEO To Get $73 Million Golden Parachute

The CEO of one of the nation’s largest health insurance companies is to receive a golden parachute worth just over $73 million.

 WASHINGTON, D.C. — The CEO of one of the nation’s largest health insurance companies is to receive a golden parachute worth just over $73 million.

Next week is when Ed Hanway is expected to claim this money when he steps down.

Hanway is known for presiding over Cigna as the company denied a liver transplant to Nataline Sarkisyan, a 17-year-old patient who later died.

Wendell Potter, a former Cigna spokesperson turned whistle-blower, said the heads of health insurance companies are not held responsible for such behavior.

“In our system today, there is literally no repercussions for insurance companies when they deny care, jack up rates, or do all the other things they do to screw over their customers. Ed Hanway did all those things as much as he could, and for that, he’s being rewarded,” Potter said.

Cigna’s stock was one of the many in the private health care insurance industry that skyrocketed after the announcement of the Senate bill on health care reform.

This bill was expected to pass the Senate on Christmas Eve amid cries against the wishes across the policial spectrum.