Americas Health Insurance Plans saw an uptick in total revenue in 2006 but also saw expenses grow to match, according to its 2006 Internal Revenue Service Form 990.
The association, which represents health insurers, turned a profit of $190,753 in 2006, down a sharp 91% from $2.17 million in 2005. Expenses in 2006 were $61.6 million, a 9.2% increase from 2005, when expenses were $56.4 million.
All told, the health insurance lobbying group brought in $61.8 million in revenue, an increase of 5% from 2005. Expenses totaled $61.6 million, an increase of 9% from its 2005 total of $56.5 million.
AHIP President Karen Ignagni had a total compensation of $1.4 million in 2006, including $364,376 in deferred compensation and $33,350 in contributions to the employees benefit plans. Thats down 17.6% from her $1.7 million total compensation in 2005. Charles Stellar, AHIPs executive vice president, brought in $461,970 in total compensation.
Ignagni, a mainstay on Modern Healthcares Most Powerful survey, most recently reached No. 61 on the list. The association, which represents about 1,300 member companies, has earned a reputation as one of the savviest health lobbying groups, having so far staved off steep cuts to the private plans that operate within the Medicare Advantage program. Membership dues and assessments were up 7.8% in 2006 to $34.4 million from $31.9 million in 2005.
Congress has eyed what it sees as billions of dollars in overpayments to the plans as a potential offset to other legislative health-related provisionsprimarily physician payments.