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BCBS CEOs obtained larger raises in 2020 than execs at for-profit insurers, report says

CareSource CEO Erhardt Preitauer’s 21% year-over-year drop represented the biggest pay lower amongst insurers, along with his whole compensation falling to $1.8 million in 2020. CareSource didn’t reply to an interview request. However Preitauer was not the one insurer govt to see his pay fall in 2020.

4 of the six CEOs on the largest publicly traded well being insurers noticed their whole compensation lower in 2020 in contrast with 2019. Solely Cigna Corp. CEO David Cordani and Anthem’s Gail Boudreaux noticed their compensation rise year-over-year.

Cordani obtained a 3.2% year-over-year increase to $19.9 million in 2020, together with a $189,898 change in pension and deferred compensation increase, AIS stated. Boudreaux’s compensation rose 10.5% to $17.1 million in 2020. Most of their pay will increase may be credited to an increase of their firm’s inventory worth, which contributes to their whole compensation, AIS stated. Neither insurer responded to an interview

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