Highmark Health Plan has appointed Kate Musler CFO.
Four things to know:
1. Ms. Musler previously served as senior vice president of risk management and provider networks for Highmark Health Plan, where she was responsible for actuarial, underwriting and provider network functions covering 7 million members across Medicare, Medicaid and commercial lines of business.
2. She joined Highmark in 2019 as a senior vice president of underwriting and was appointed senior vice president of provider network and payment in January of 2023.
3. Ms. Musler began her career at Aetna in Hartford, Conn., working for more than 15 years in various actuarial, analytical and regulatory advocacy roles.
4. Highmark Health Plan reported a $166 million operating loss on revenues of $29.4 billion in 2024. High prescription drug costs, particularly GLP-1 drugs, contributed to the loss, according to the insurer.
