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BCBS CEO salary is not publicly disclosed, but we can look at the compensation packages of other top executives at the company. According to the latest data, the CEO of BCBS receives a compensation package worth over $10 million.
One of the highest-paid executives at BCBS is the Chief Operating Officer, who received a total compensation of $5.5 million in the last fiscal year. This includes a base salary of $1.2 million and a bonus of $2.2 million.
BCBS's highest-paid executive, the CEO, also serves as the Chairman of the Board, which can impact their overall compensation. The total compensation for the CEO in the last fiscal year was over $12 million, including a base salary of $2.5 million and a bonus of $5 million.
Highest-Paid CEOs
The ranking of highest-earning CEOs from the nation's largest health insurance companies is based on market share data. It's worth noting that only top executives from publicly traded health insurers are included in this list, and their data is publicly available.
The CEOs on this list are making some serious money, with salaries and compensation packages that are truly impressive.
Ranked
The top executives of the nation's largest health insurance companies are raking it in. According to the latest market share data from the National Association of Insurance Commissioners (NAIC), their salaries and compensation are off the charts.
One of the highest-earning CEOs is Alignment Healthcare's John Kao, who received a whopping $34.1 million in pay. That's a 25% decrease from the previous year, but still a staggering amount.
The ranking includes only the top executives from publicly traded health insurers whose data are available to the public. This means we're looking at the big players in the industry.
eHealth CEO Francis Soistman saw his earnings drop almost 42% to $6.2 million in 2022 from $10.6 million the preceding year. That's a significant decrease, but still a respectable sum.
Bright Health's George Mikan took a 94% pay cut, while Oscar Health's Mario Schlosser saw his earnings almost entirely wiped out.
2021
In 2021, the highest-paid CEO in the world was Sundar Pichai, who took home a staggering $281 million in compensation.
The average CEO pay in 2021 was a whopping $24.8 million, a significant increase from the previous year.
CEOs in the tech industry dominated the top spots, with 14 out of the 20 highest-paid CEOs working in the sector.
The highest-paid CEOs in 2021 were largely responsible for their companies' impressive stock performance, with many seeing their companies' stock prices soar during the year.
Pichai's compensation package was largely made up of stock awards, which accounted for over 90% of his total pay.
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Blue Cross Blue Shield
Blue Cross Blue Shield is a well-established health insurance company in the United States. It was founded in 1929.
The company is a federation of 36 independent Blue Cross and Blue Shield companies. Each of these companies operates in a different state or region.
Blue Cross Blue Shield provides health insurance to over 100 million people in the United States. This makes it one of the largest health insurers in the country.
The company's CEO is Kim Keck, who has been leading the organization since 2017.
Executive Compensation
The average annual salary for a President & Chief Executive Officer at Blue Cross Blue Shield is a whopping $992,057. This translates to approximately $477 per hour, which is a significant amount of money.
Salaries for President & Chief Executive Officer at Blue Cross Blue Shield typically range from $757,692 to $1,254,044, reflecting the diverse roles within the company.
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Insurtech
Insurtech CEOs saw significant pay cuts in 2022, with Alignment Healthcare's John Kao receiving $34.1 million, a 25% decrease from the previous year.
eHealth CEO Francis Soistman's earnings dropped almost 42% to $6.2 million, a substantial decline from $10.6 million in 2021.
Bright Health's George Mikan took a 94% pay cut, while Oscar Health's Mario Schlosser saw his earnings almost entirely wiped out in 2022.
Clover Health's Vivek Garipalli elected to forgo any compensation that year, a drastic change from previous years.
These pay cuts are a notable trend among insurtech CEOs, highlighting the challenges and uncertainties faced by these companies.
CEO Salary
CEO salaries can vary significantly, and it's interesting to see how they compare across different industries. Alignment Healthcare's John Kao received the highest pay among insurtech CEOs at $34.1 million.
However, it's worth noting that CEO salaries can fluctuate from year to year, and in some cases, they can even decrease. eHealth CEO Francis Soistman saw his earnings drop almost 42% to $6.2 million in 2022 from $10.6 million the preceding year.
In contrast, some CEOs have seen their salaries drop dramatically. Bright Health's George Mikan, for example, received a 94% pay cut, while Oscar Health's Mario Schlosser saw his earnings almost entirely wiped out.
The salaries of CEOs at Blue Cross Blue Shield can also give us an idea of what to expect. As of January 2025, the average annual salary for a President & Chief Executive Officer at Blue Cross Blue Shield is $992,057.
This salary range can vary based on factors such as geographic location, departmental budget, and individual qualifications.
Sources
- https://www.insurancebusinessmag.com/us/guides/which-health-insurance-ceos-get-the-highest-pay-467513.aspx
- https://paddockpost.com/2024/09/01/executive-compensation-at-the-bcbs-association-2022/
- https://www.salary.com/research/company/blue-cross-blue-shield/president-chief-executive-officer-salary
- https://www.freep.com/story/money/business/2024/03/01/blue-cross-ceo-loepp-pay-cut-2023/72793682007/
- https://paddockpost.com/2024/08/30/executive-compensation-at-the-bcbs-association-2021/
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