Humana’s co-founder now earns $1 per year

In 1962, David Jones Sr. co-founded a nursing home company that went on to become the Louisville, Ky.-based health insurer Humana. Now he works as treasurer of 21st Century Parks, a nonprofit that preserves and develops public parks — and makes $1 per year, according to Louisville Business First.

Advertisement

Mr. Jones and his friend and former colleague H. Wendell Cherry each put up $1,000 in 1962 to form a nursing home company, according to Louisville Business First. It quickly expanded, and by 1969, it had 50 nursing homes under its belt and 10 more on the way. In 1974, it rebranded as Humana and began owning hospitals.

Today, Mr. Jones is the lowest-paid employee of Louisville, Ky.-based 21st Century Parks. Mr. Jones’ son, Dan Jones, currently serves as CEO.

Mr. Jones’ philanthropic interests have been a constant in his life. In addition to leading fundraising efforts for The Parklands of Floyds Fork, 21st Century Parks’ most recent project, he helped establish the Humana Foundation in 1981.

More articles on payer issues:
Integrated Health Partners, Molina Healthcare partner to expand coverage
UnitedHealth to exit Indiana ACA exchanges in 2017
NC hospital, BCBS reach contract agreement

Advertisement

Next Up in Payer

  • Florida Blue and Fort Lauderdale-based Broward Health went out of network on July 1. The network split impacts all Broward…

  • Chorus Community Health Plans, the insurance arm of Milwaukee-based Children’s Wisconsin, will not offer individual and family ACA plans past…

Advertisement

Comments are closed.