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Obamacare Co-Ops Hid Millions In Exec Pay, Consulting Fees

An interesting article in the Daily Caller:

Many of the Obamacare health insurance co-ops are either burying in obscure tax return footnotes vital information about extravagant compensation paid to their top executives or they’re simply not bothering to report it at all,  according to a Daily Caller News Foundation investigation.

Among the worst offenders is the Chicago-based Land of Lincoln Mutual Health Insurance co-op, which reported that its chief executive officer, Daniel Yunker, was paid only $79,00o and chief financial officer Dennis Rizzo earned a mere $50,000 for 2013.

Land of Lincoln also claimed that Yunker earned only $3,956 and Rizzo $5,425 from “related nonprofits.”

William Donahue, the COO appeared to be the top earner at the co-op, earning a modest $165,000.

Left unstated were Yunker and Rizzo’s salaries at the Metropolitan Chicago Healthcare Council, the co-op’s official sponsor, was $460,186 for Yunker and $286,409 for Rizzo.

That made Yunker’s actual total annual salary $543,000, not $79,000, and $341,000 for Rizzo, not $50,000. Similarly, the co-op claimed on its tax return that its chairman, Kevin Scanlan, received zero dollars from a “related group” when in fact the MCHC paid Scanlan $916,403.

Read the rest

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

One Response to “Obamacare Co-Ops Hid Millions In Exec Pay, Consulting Fees”

  1. Gene Lefty says:

    Tom, in addition to not carrying the female vote, nor the Hispanic vote, now there is somewhere well into the many millions of people who would most likely lose their healthcare coverage (Obamacare) if a Republican is elected President. Probably over 10 million?

    Do you really think that these millions of people are going to vote for a Republican president who will take away their healthcare (Obamacare) if elected?

    NO, NO, NO.

    The 2016 Presidential election is already over as far as to which Party will win. Learn to live will it. The choice of if we should go back to a Bush or a Clinton in the White House is easy.

    When are you going to focus on the extravagant compensation of Virginia’s state supported higher education professors and administrators? When are you going to focus on corruption in Virginia government?

    I didn’t think so……

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    Tom White Says:

    Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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