I-Team In-Depth

Should You Take The Health Care Tax Hit?

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Time is running out for thousands of uninsured Connecticut residents who must decide whether to comply with a federal mandate to buy health insurance starting Jan. 1, 2014 or pay a penalty instead. “We are undertaking a paradigm shift in how we think about health insurance,” said Dan M. Smolnik, a tax attorney from Brookfield. “We don’t know for sure how people in Connecticut will respond. But I think the majority will weigh the risks of not having health insurance and make a rational decision that isn’t purely based on economics.

I-Team In-Depth

Top Execs At “Big Five’’ Health Insurers Each Pull In Millions

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Health care reform, new Wall Street regulations and outrage over large pay packages are likely to put pressure on compensation for health insurance executives. But it doesn’t seem to have happened yet. The highest-paid executive at each of the “Big Five’’ health insurers – UnitedHealth Group, Aetna Inc., WellPoint Inc., Humana Inc. and Cigna Corp. – made more than $8 million in 2012, according to filings this spring with the Securities and Exchange Commission. The CEO of EmblemHealth Inc., a nonprofit that owns ConnectiCare, also had total compensation at that level in 2011, the last year for which information is available.