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Executive pay at Blue Cross in New Jersey getting scrutiny

AP/Philadelphia Inquirer, May 24, 2010
New Jersey and federal lawmakers are pushing for more regulation after a report that the chief executive officer of New Jersey's largest health insurer was compensated nearly $9 million last year while premiums increased. The package of pay and bonuses for William Marino, CEO of Horizon Blue Cross Blue Shield of New Jersey, was up 59%. U.S. Sen. Frank Lautenberg (D., NJ) called for constraints on the nonprofit healthcare company.