This latest revelation will strike many as, "So what?"
But the underlying implications are much more sinister.
The Internal Revenue Service (IRS) could come out with regulations affecting the pay of employees at health insurance companies any day now. The regulations would implement Section 162(m)(6) of the Internal Revenue Code (IRC).
The drafters of the Patient Protection and Affordable Care Act (PPACA) added the provision in an effort to control what some observers argued were costly, unreasonable executive pay packages.
IRC Section 162(m)(6) prohibits a publicly traded or privately held health insurer from deducting more than $500,000 in compensation and deferred compensation for any one officer, director or employee. The IRS put out draft regulations in April 2013.