Blue Cross Blue Shield Plans See Biggest Exec Pay Jumps in ’20

  • Although some health insurers notched record-high profits when the COVID-19 pandemic’s first wave drove down routine care utilization, those fiscal benefits do not appear to have translated into big compensation bumps for some of the highest-paid insurer CEOs.

    Only two of the CEOs at the six largest publicly traded health insurers saw their total compensation increase in 2020 compared with 2019 — Cigna Corp.’s David Cordani and Anthem, Inc.’s Gail Boudreaux — while the other four saw decreases. Some Blue Cross Blue Shield insurers, however, gave their chief executives sizeable pay hikes, including a 109% raise for Blue Cross Blue Shield of Minnesota’s Craig Samitt and a 73% bump for Independence Blue Cross’ now-retired Daniel Hilferty.

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  • Leslie Small

    Leslie has been reporting and editing in various journalism roles for nearly a decade. Most recently, she was the senior editor of FierceHealthPayer, an e-newsletter covering the health insurance industry. A graduate of Penn State University, she previously served in editing roles at newspapers in Pennsylvania, Virginia and Colorado.

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