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UnitedHealth Group president and CFO John Rex was the highest-paid payer CFO in 2024. Mr. Rex was paid $18.7 million…
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UnitedHealth Group president and CFO John Rex was the highest-paid payer CFO in 2024. Mr. Rex was paid $18.7 million in total compensation, according to proxy filings from the company. Here’s how CFOs of the largest payers were compensated in…
Cigna’s board of directors has declared a $1.51 per share cash dividend to be paid June 18. The dividend will be paid to shareholders of record as of the close of business June 3, according to an April 23 news…
The mean salary for chief executives at health and medical insurance carriers in 2024 was $392,520, according to the Bureau of Labor Statistics. The BLS published updated 2024 employment data on April 2. The mean wage for all occupations across…
North Dakota Gov. Kelly Armstrong signed a bill April 23 aimed at reforming the prior authorization process in the state. The bill requires insurance plans to provide a decision within seven calendar days for nonurgent prior authorization requests and 72…
On April 11, CMS fined three PACE organizations for failing to meet essential program requirements, including inadequate service provision, poor tracking and documentation of services, and failure to ensure recommended services were either provided or properly documented with valid reasons…
There may be a link between rising insurance premiums and increased utilization of services, particularly across the Medicare Advantage space. In its first quarter earnings report, UnitedHealth Group reduced its year-end earnings outlook amid rising use of physician and outpatient…
UnitedHealth Group CEO Andrew Witty was the highest-paid payer CEO in 2024. Mr. Witty earned $26.3 million in total compensation in 2024, up from $23.5 million in 2023. Most CEOs’ pay increased slightly from 2023, while Elevance Health CEO Gail…
Blue Cross Blue Shield of Michigan is reportedly working to sell its AF Group subsidiary, the Insurer reported April 21. AF Group wrote $2.9 billion in direct premiums in 2024 and is the holding company for multiple companies that provide…
Health insurance leaders were paid up to 370 times more than their respective median employee in 2024, according to recently filed proxy statements. Payers ranked by CEO-to-worker pay ratios:
Medicare Advantage costs are “elevated, but manageable,” according to Elevance Health CFO Mark Kaye. The company reported its first quarter earnings April 22. Total revenue in the first quarter was $40.9 billion, up 14.6% from the first quarter of 2024.…