The salary of a Blue Cross Blue Shield CEO can vary significantly depending on factors such as company size, location, recent growth, and internal pressures.
Some BCBS companies include executive compensation data within their annual financial reports, which are filed with state insurance regulators. Some states do not disclose executive salaries publicly, and others do not collect that information at all, meaning compensation data is not widely available for BCBS companies.
The 2024 compensation for three BCBS CEOs:
BCBS Minnesota
CEO Dana Erickson
Salary: $1.3 million
Bonus: $2.6 million
Other: $350,000
(Source: Minnesota Star Tribune)
Excellus BCBS
President and CEO James Reed
Salary: $3.97 million
(Source: Syracuse.com)
BCBS Michigan
Former CEO Daniel Loepp
Salary: $1.84 million
Bonus: $10.75 million
Other: $1.3 million
(Source: Detroit Free Press)
