| Ronald Allen Williams | |
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Ronald A. Williams, during the session 'Advice to the US President on Competitiveness' at the Annual Meeting 2009 of the World Economic Forum in Davos, Switzerland, January 30, 2009. |
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| Alma mater | Roosevelt University (BA) Massachusetts Institute of Technology (MS) |
| Occupation | Executive Chairman of Aetna |
Ronald Allen Williams is the Executive Chairman of Aetna, Inc.. In 2005, he was named one of Black Enterprise's 75 Most Powerful African Americans In Corporate America.[1]
Williams holds a Bachelor of Arts in psychology from Roosevelt University and a Master of Science from the Massachusetts Institute of Technology's Sloan School of Management, the latter of which was earned in 1984 as a Sloan Fellow.[2] He is a member of the board of directors of American Express.[3]
On January 4, 2006, Williams was named to succeed Dr. Jack Rowe as CEO of Aetna.[4][5]
On October 20, 2010, Aetna, Inc. announced that Williams will retire from Aetna in April 2011. Aetna said that, effective November 29, 2010, Williams will become executive chairman and Mark T. Bertolini will be appointed chief executive officer and elected to the company’s Board of Directors.[6]
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Williams received $38.12 million in compensation in 2008, the highest annual compensation in the insurance sector and the 22nd-highest compensation of all American CEOs.[7][8]
In June 2009, Williams testified against a public option as part of national health care reform before the United States House Committee on Ways and Means. He said, "I cannot support this kind of public plan and see it as a danger to the stability of community and rural hospitals and to health care overall. It would lead to continuing to reward episodic care, as opposed to care management. It will be costly to implement, taking dollars away from an already burdened health care system. And, it could be a plan of last resort, creating a new problem for us to manage."[9]
In August, 2009, when asked by an interviewer why Americans seem to pay so much for health care but get too little in return, Williams responded, "Well, I think that there are many people who do question the value that the healthcare system is delivering, and many research studies suggest that as much as one-third of the healthcare costs really is wasted or is not producing the value. But the answer to that is really to invest in healthcare information technology."[10]
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