HMO Execs Rake in Cash

June 20 -- Many of the top executives in the managed care industry were paid huge compensation packages last year according to a consumer report obtained by ABCNEWS, and the 10 highest paid executives raked in an average of $11.7 million apiece.

Some managed care executives also got stock options last year: Ten executives hold an average of $68 million in stock options apiece.

At the same time, patients in many of those health plans are being denied coverage, and the frustration level for millions of people is rising.

The report was compiled by a consumer group, Families USA, a critic of HMO cost-cutting.

"It puts the issue of cost in perspective," says Ron Pollack, executive director of Families USA. "It shows that the companies are not that concerned about costs when it lines their own pockets."