The chief executives of six of the seven publicly-traded managed care insurers in the US all earned more than $15m each in 2019, analysts say.
Joseph Zubretsky of Molina Healthcare Inc was paid $18m in total adjusted compensation over the year, an 18.4% rise compared to 2018, accordingto the latest analysis from S&P Global Market Intelligence. He received $13m in stock awards last year.
|US health insurance and funding bosses’ pay 2019|
|Michael Neidorff, Centene Corp: $26.4m|
|David Cordani, Cigna Corp: $19.1m|
|David Wichmann, UnitedHealth Group: $18.9m|
|Joseph Zubretsky, Molina Healthcare: $18m|
|Bruce Broussard, Humana: $16.7m|
|Gail Boudreaux, Anthem: $15.5 m|
Anthem Inc CEO Gail Boudreaux earned $15.5m, up 9.1% compared to her annualized pay in 2018, with $8.4m of that total coming from stock grants and $2.8m in options.
S&P Global Ratings said that for 2019, UnitedHealth Group Inc’s David Wichmann, Humana Inc’s Bruce Broussard and Cigna Corp’s David Cordani were paid $18.9m, $16.7m and $19.1m, respectively, representing year-over-year compensation increases of 4.3%, 2.5% and 0.8%.
Michael Neidorff of Centene Corp retained his spot as the highest-paid health insurance CEO in the US, earning $26.4m in 2019, up 1.2% from what he collected in 2018.
Advanzeon Solutions Inc CEO Clark Marcus received $100,000 and $200,000 in stock and options grants, respectively, in 2019, a 65% yearly increase.
S&P Global Market Intelligence – which is managed separately to S&P Global Ratings – compiled the figures.