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…
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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.…
Medica reported an operating loss of $216 million on $6.3 billion of revenue for 2024. The company cited “historic levels of healthcare services utilization,” across all products and geographies. The operating loss includes $40 million for the company’s premium deficiency…
UnitedHealth Group CEO Andrew Witty earned $26.3 million in total compensation in 2024. The company disclosed pay information for its highest-paid employees in its annual proxy report published April 21. Mr. Witty’s pay increased around 12% from 2023, when he…
Eric Palmer, executive vice president of enterprise strategy for the Cigna Group, will exit the company April 26. Mr. Palmer, who also served as CEO of Evernorth Health Services, will receive a $5.2 million cash payment upon his exit, according…
CMS has suspended enrollment for two Medicare Advantage prescription drug plans offered by eternalHealth, a Boston-based insurer. In March, Massachusetts regulators banned eternalHealth from marketing any of its products and services in the state and suspended new member agreements until…
Texas lawmakers are urging further action against Superior Health Plan, after the plan’s former CEO admitted to using private investigators to research lawmakers. In an April 10 letter, the members of Texas House Committee on Delivering on Government Efficiency requested…
Five Blue Cross Blue Shield plans will require prior approval for certain severe asthma medications when administered in a healthcare setting, as part of a broader update to its medical policies for self-administered drugs. The change includes four injectibles commonly…