The compensation makes BCBS of Michigan CEO Daniel Loepp one of the highest-paid health insurance executives in the U.S. Mr. Loepp was the highest-paid CEO among all BCBS plans and ranked 7th among health insurance executives nationwide. All executives ahead of him helmed for-profit health insurers like Cigna and Aetna.
Mr. Loepp’s compensation drew criticism from presidential candidate Sen. Bernie Sanders, I-Vt. However, BCBS of Michigan’s board of directors said the compensation reflects Mr. Loepp’s strong performance, which helped the insurer reach its targets, according to the report.
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