3 updates on payer exec compensation

Here are three updates on executive compensation for health insurers Centene, Blue Cross Blue Shield of Michigan and Humana:

1. Centene CEO made 396x median employee in 2018
Michael Neidorff, the CEO of Centene Corp., made 396 times what an average employee at the health insurer made in fiscal year 2018. The median compensation for Centene employees was $66,021, compared to Mr. Neidorff's $26.1 million.

2. BCBS of Michigan pays CEO record compensation
The CEO of nonprofit Blue Cross Blue Shield of Michigan received $19.2 million in total compensation in 2018 — a record for the health insurer.

3. Humana CEO makes 231 times average employee
Humana CEO Bruce Broussard made 231 times what an average employee at the health insurer did in 2018. The median compensation for Humana employees was $70,498, compared to Mr. Broussard's $16.3 million.

More articles on payers:
Minnesota senate passes bill to continue subsidies for health insurers
Humana settles pregnancy discrimination lawsuit
Humana debuts bundled payment model for spinal fusions

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months