Blue Cross CEO golden parachute - 7News Boston WHDH-TV

Blue Cross CEO golden parachute

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After working for Blue Cross Blue Shield of Massachusetts for six years, Cleve Killingsworth resigned last March. 

But we're just learning now what a rich resignation it was.  $8.6 million when he left - $1.8 million more this year - and another $925,000 next year. 

Total:  $11.3 million.

At a time when health insurance bills are breaking budgets, and families, and everybody is trying to contain costs, doesn't $11.3 million sound crazy?

But Killingsworth told the Globe, "The payment I got was consistent with my contract - no more, no less."

Question:  where can you get a contract like that? 

And Blue Cross Blue Shield is one of the last places you should find one, because they're supposed to be a non-profit.

Their website proudly proclaims "our highest priority is to make quality care affordable," but paying $11 million to someone on the way out is not affordable.

And, now, they apparently agree. Their new CEO makes 25% less than Killingsworth, and his severance is 60 percent less.

But the damage has been done: "I've spoken with the current CEO and he tells me they are doing things differently..."

"They" get platinum parachutes; "we" get higher premiums and co-pays.

"They" explain; "we" lose trust.

You don't need a second opinion to know

Blue Cross Blue Shield has widened the gap between "us" and "them."

I'm Andy Hiller, and that's my instinct.

(Copyright (c) 2011 Sunbeam Television Corp. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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