Unlike other large payers, individual Blue Cross Blue Shield companies are not publicly traded, making it difficult to find public executive compensation figures.
Despite that, 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 compensation salaries publicly, and others do not collect that information at all.
Here is the 2022 compensation for three BCBS CEOs:
BCBS Michigan
CEO Daniel Loepp
Salary: $1.7 million
Bonus: $13.8 million
Total: $16.9 million
(Source: Detroit Free Press)
Hawaii Medical Service Association
CEO Mark Mugiishi, MD
Salary: $1.02 million
Bonus: $2 million
Other: $6,000
Total: $3.03 million
(Source: Honolulu Star Advertiser)
Excellus BCBS
President and CEO James Reed
Salary: $1.15 million
Other compensation and bonuses: $1.05 million
Total: $2.2 million
(Source: Buffalo Business First)