In most cases, the CEO takes home more than 300 times the amount their average employee earned.
In 2017, CEOs at the nation’s largest insurance companies earned a collective $342.6 million. The highest-paid executive took home $83.2 million, more than 1,400 times what the average employee brought home.
Fierce Healthcare analyzed the SEC filings of Aetna, Cigna, Molina, WellCare, Centene, UnitedHealth Group, Humana and Anthem.
A few examples:
Anthem paid two CEOs a combined $26.6 million in 2017. CEO Joseph Swedish, who stepped down in November, took home nearly all of that. Gail Boudreaux, his replacement, took home just $166,000 given her start date late in the year. For 2018 her base salary is $1.4 million, plus $10.3 million in long-term incentive awards.
Aetna’s Mark Bertolini took home $58.8 million in 2017, up from $41.7 million the year before.
Cigna’s Cigna nearly doubled compensation from $22 million in 2016 to $43.9 million last year.
Humana’s Bruce Broussard doubled his realized compensation from $17 million in 2016 to $34.2 million in 2017.
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