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Washington Bills Targeting Insurance Executive Pay Die in Committee

Bills that Washington State Rep. Michelle Caldier and Sen. Patty Kuderer recently introduced to curb excessive pay hikes for executives and board members at nonprofit insurance companies in Washington State died in committee on Friday, February 2, 2018.
“The WSDA supports HB2500 and SB6392. At a time when people’s insurance premiums are skyrocketing I am appalled Delta Dental could justify increasing the CEO’s salary from $1.4 to $2.7 million in two years,” said Cynthia Pauley, DDS, president of the Washington State Dental Association (WSDA).

“This legislation would have allowed the people paying the premiums to have a say in the process. We understand the insurance companies lobbied heavily against the bills, which ultimately died. Representative Michelle Caldier plans to reintroduce it next year,” Pauley said.

The proposed legislation was prompted by alleged abuses by Delta Dental of Washington (nonprofit 501c 4).

Read the full article on Dentistry Today
"State":"WA"