LEONARD D. SCHAEFFER
Founding Chairman & CEO
WellPoint

Leonard D. Schaeffer is the founding Chairman & CEO of WellPoint, the nation's largest health benefits company by membership. WellPoint (now Anthem) serves nearly 39 million medical members and has annualized revenues of $78.4 billion. He is currently the Judge Robert Maclay Widney Chair and Professor at the University of Southern California (USC) and is a Senior Advisor to TPG Capital, a private equity firm.

Schaeffer was Chairman & CEO of WellPoint from 1992 through 2004 and continued to serve as Chairman through 2005. Under his leadership, WellPoint was selected by FORTUNE magazine as America's "Most Admired Health Care Company" for six consecutive years; named by BusinessWeek as one of the 50 best performing public companies for three consecutive years; and identified by Forbes magazine as America's best large health insurance company. Schaeffer was selected by BusinessWeek as one of the "Top 25 Managers of the Year" and by Worth magazine as one of the “50 Best CEOs in America.”

In 1986, Schaeffer was recruited as CEO to WellPoint’s predecessor, Blue Cross of California, when it was near bankruptcy. He managed the turnaround of Blue Cross of California and the IPO creating WellPoint in 1993. During his tenure as CEO, WellPoint made 17 acquisitions and endowed four charitable foundations with assets of over $6 billion.  Under Schaeffer's leadership, WellPoint's value grew from $11 million to over $49 billion.

In 2009, Schaeffer established a new research center at USC. The Schaeffer Center for Health Policy and Economics emphasizes an interdisciplinary approach to research and analysis to promote health and value in health care delivery and to support evidence-based health policy.  He has also endowed chairs in health care financing and policy at the Brookings Institution, Harvard Medical School, the National Academy of Medicine, U.C. Berkeley and USC.

Previously, Schaeffer was President and CEO of Group Health, Inc. of Minnesota, a staff model HMO. Schaeffer was also EVP and COO of the Student Loan Marketing Association, the national secondary market for student loans, and earlier was a Vice President of Citibank and a consultant specializing in design and installation of large scale financial and management information systems.

In the federal government, he served as Administrator of the Health Care Financing Administration (now CMS) and was responsible for the U.S. Medicare and Medicaid programs. He was also the Assistant Secretary for Management and Budget of the federal Department of Health and Human Services. Previously, Schaeffer was Director of the Bureau of the Budget for the State of Illinois and also served as Chairman of the Illinois Capital Development Board and as Deputy Director for Management, Illinois Department of Mental Health and Developmental Disabilities.

Schaeffer is active on the boards of numerous businesses, philanthropic and professional organizations. He was awarded a Doctor of Humane Letters (Hon) from USC and received the inaugural USC Sol Price Award for his lifetime achievements as a business leader, policy expert and philanthropist. He was the Regent’s Lecturer at the University of California at Berkeley, a Gilbert Fellow at Princeton and a Williams Fellow at RAND. He is a member of the National Academy of Medicine (NAM) and is the Chair of the Roundtable on Quality Care for People with Serious Illness. A native of Evanston, Illinois, he is a graduate of Princeton University.

Schaeffer and his wife, the former Pamela Sidford, have two children.

 Board Memberships

  • Brewster Foundation: Chairman, Board of Trustees
  • The Brookings Institution: Board of Trustees
  • Harvard Medical School: Board of Fellows
  • RAND Corporation: Board of Trustees
  • scPharmaceuticals Inc.: Board of Directors
  • University of Southern California: Board of Trustees
  • University of Southern California: Health System Board
  • Walgreens Boots Alliance, Inc.: Board of Directors

Other Affiliations

  • TPG Capital: Senior Advisor
  • Health Affairs:  Editorial Board
  • Harvard Medical School: Health Care Policy Advisory Council
  • National Academy of Medicine (NAM) of the National Academies: Member
  • NAM Roundtable on Quality Care for People with Serious Illness: Chair
  • Princeton University: Gilbert Fellow
  • RAND Health: Board of Advisors
  • RAND Corporation: Williams Fellow
  • University of California, Berkeley: Regents Lecturer
  • USC Schaeffer Center for Health Policy and Economics:  Chair, Advisory Board

Awards

  • USC Doctor of Humane Letters (Hon)
  • USC Sol Price Award
  • Honorary Alumnus, USC School of Pharmacy
  • Health Insurance Person of the Year: National Association of Health Underwriters
  • Leadership in Public Health Award: UCLA School of Public Health
  • Leadership in Innovation Award: Adaptive Business Leaders Organization
  • CEO IT Achievement Award: Healthcare Information Management Systems Society
  • Executive Leadership Award: UCLA Anderson School of Management
  • Louis Sullivan Award for Executive Leadership: Electronic Data Interchange Foundation
  • Distinguished Public Service Award: U.S. Department of Health, Education and Welfare
  • Citation for Outstanding Service: American Academy of Pediatrics

 
Online Videos

 
  • Interviews:

The Future of Big Data – Leonard Schaeffer (1979):

https://www.youtube.com/watch?v=whB4FX7FJ7g

 

  • Videos About:

Leonard D. Schaeffer Tribute (2012):

https://www.youtube.com/watch?v=NjtJjRCJ4EU

 

  • About the USC Leonard D. Schaeffer Center:

USC Leonard D. Schaeffer Center for Health Policy and Economics (2011):

https://www.youtube.com/watch?v=SncbEZZCZls

 

  • Conferences:

Bridging the Gulf: Challenges of End-of-Life Care in California (welcome and panel closing) (2016):

http://www.nationalacademies.org/hmd/Activities/HealthServices/QualityCareforSeriousIllnessRoundtable/2016-NOV-07/Videos/Morning%20Session/1-Welcome-Video.aspx


Leonard D. Schaeffer on Healthcare Reform at 2015 CAPG Conference (2015):

https://www.youtube.com/watch?v=uMN8noZCCSE

 

LISI 2013 TH!NK Event – Leonard Schaeffer Presentation (2013):

https://www.youtube.com/watch?v=3R-0WCPiZHE

 

National Summit Day 1: Remarks from Jeff Thompson and Leonard Schaeffer (2013):

https://www.youtube.com/watch?v=POKsPyuoxI4


Capstone Conference (2009, interview):

https://www.youtube.com/watch?v=KHxbwwPmMlU

 

  • Lectures:

Health Reform and the Economy: Are They Good for Each Other? (Princeton lecture series, 2011)

http://alumni.princeton.edu/learntravel/lectures/videodetail/index.xml?videoid=70


Leaders, Managers, or Analysts: Who Will Shape the Future? (2012):

https://www.youtube.com/watch?v=NjtJjRCJ4EU


5 14 09 Leonard Schaeffer (2009):

https://www.youtube.com/watch?v=KHxbwwPmMlU


The Affordable Care Act: Change Is the Only Constant – Harvard Medical School (2012):

https://www.youtube.com/watch?v=GWqkL_ulVDA

 

  • C-Span:

Health Care Policy (2004):

https://www.c-span.org/video/?181275-1/health-care-policy&start=4892


Prescription Drugs (2001):

https://www.c-span.org/video/?165163-1/prescription-drugs


Future of Health Care (1996):

https://www.c-span.org/video/?76755-1/future-health-care&start=0

 

Health Care Reform Issues (1993):

https://www.c-span.org/video/?50146-1/health-care-reform-issues

 

Uninsured Population and State Initiatives (2011):

https://www.c-span.org/video/?302256-1/uninsured-population-state-initiatives&start=1128

Note: He isn’t in this video, but the speaker references him and his work.

 

  • Podcasts/Webinars:

Can Our Health Care System Provide a Good Death? (2016):

https://www.youtube.com/watch?v=956eniICZ_k


Policies and Payment Systems for Care Near the End of Life (2016):

https://reachmd.com/programs/dying-in-america-series/policies-payment-systems--care-near-end-life/7847/

 

The Affordable Care Act: Change is the Only Constant (2014):

http://www.rand.org/multimedia/audio/2014/06/12/affordable-care-act-change-only-constant.html

 

  • Panels:

Session VI: Medicare & Medicaid for the Next 50 Years: Insights from the Top (2015):

https://www.youtube.com/watch?v=VnzgqtG8OzY

 

The "New Normal": How Will the Market Respond? (opening statement by Leonard Schaeffer) (2011):

https://www.youtube.com/watch?v=4hixAjk25rw

 

  • Awards:

USC Price 2012 Guardian Awards & Campaign Celebration (2012):

https://www.youtube.com/watch?v=zDTUqhVqpRM

 

Innovative Models in Payment Reform & Awards Ceremony (2014):

https://www.youtube.com/watch?v=31nmPio0aj8

 

USC Sol Price 2012 Guardian Awards Highlight Reel (2013):

https://www.youtube.com/watch?v=4zboZgzMtrQ

 


Home Page
About Us
Principals
News
Publications
Contact Us