ID: image titled “Health Insurance CEOS and their pay:” above 8 photos of the CEO

Cigna, DAVID CORDANI $21M

WellCare, MICHAEL CARSON $23.5M

Humana, BRUCE BROUSSARD $16.3 M

CENTENE Corporation, SARAH LONDON $18.6 M

MOLINA HEALTHCARE, JOSEPH ZUBRETSKY $21.4 M

CVS Health, KAREN LYNCH $21.6 M

Elevance Health, GAIL BOUDREAUX $21.9 M

United Healthcare, BRIAN THOMPSON $10.2 M

    • boonhet@lemm.ee
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      3 days ago

      For real, Thompson might be the lowest on the list, but United had some of the highest denial rates. And I bet they’re damn proud of the rates too.

  • phoneymouse@lemmy.world
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    4 days ago

    I think it’s more about denied claims. UHC denies more than 30% of claims whereas most other insurers range between 10-20%. UHC denies the most claims by a big margin. This is likely to make you some enemies.

  • Zwiebel@feddit.org
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    4 days ago

    Reminder, at 20M per year you have to work ten thousand years to earn 200B, which is the realm Musk is in…

    • ShareMySims@sh.itjust.worksOP
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      4 days ago

      Certainly a very valid point, and hopefully we’re building up to that (bigger money comes with much tighter security), but I do think the people so directly sacrificing people’s lives for profit shouldn’t be overlooked.

    • Valmond@lemmy.world
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      3 days ago

      Yeah, and as I posted somewhere else, 10.2M is only a measly $196.000 a weak… /s

      Such a low salary. Bet we all can work all our whole lives and not even get half of 10.2M in total.

    • ShareMySims@sh.itjust.worksOP
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      4 days ago

      Unless she got fired for whistleblowing, I think we can still count her, but it is good to stay up to date, thanks!

      • MirthfulAlembic@lemmy.world
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        4 days ago

        I remember she tried to overhaul their drug cost model to be less opaque and supposedly cheaper for consumers. Doesn’t seem like it ended up happening from my point of view. CVS is my PBM and keeps raising the cost for generics to the point where it’s cheaper to buy them without using insurance from an online pharmacy.

        But I wouldn’t want the new jerk who replaced her to escape attention, seeing as he came from the PBM business and is likely the reason for my above complaint.

  • evidences@lemmy.world
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    4 days ago

    This photo is notably missing Andrew Witty the CEO of UnitedHealth Group the parent company of UnitedHealthcare of which Brian Thompson was CEO. Andrew Witty made $23.5m last year.

  • iAvicenna@lemmy.world
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    3 days ago

    they are all small compared to the shareholders who likely decide the company policies more than the CEOs

      • iAvicenna@lemmy.world
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        3 days ago

        well I sure am somehow buying products that probably goes to one of the shareholders’ pockets that is for sure.

        • Aux@sh.itjust.works
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          3 days ago

          No, you are the shareholder because you receive your salary into a bank account which then automatically gets invested (and unless your bank is ripping you off you should be getting a monthly interest) and you have a pension which is also invested. You are an ACTUAL shareholder.

          • iAvicenna@lemmy.world
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            3 days ago

            there is no monthly interest in regular accounts here unless you put it in a savers account. but yes I do and I know that my pension usually invests the money too without much flexibility on where to invest it in. so unless you are Ron Swanson there is no complete disconnection from this web. but the fix is easy: all I have to say is “individually major share holder” since those will be the ones deciding about company policies not me.

            I think any company whose only shareholders are made up of people holding 0.000001% in shares wont suffer from the same consequences a company does when there are shareholders like %10, 20, 30 etc. Same difference between having billions or hundred thousands.

    • nova@lemmy.world
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      4 days ago

      There’s a direct correlation. Where do you think the money comes from?

      • NatakuNox@lemmy.world
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        4 days ago

        This. Think about all the medical care these salaries could have provided. These people provide no value for their customers. Not a single patient received better care because of the CEO of their heath insurance provider.

    • Stovetop@lemmy.world
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      4 days ago

      Agreed. Otherwise you run into:

      No, I don’t get paid to deny coverage and let people die. I enjoy it so much I do it for free!

        • xeekei@lemm.ee
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          4 days ago

          Isn’t that the literal origin story of the Jigsaw Killer in the Saw movies? Or something like that?

        • Robust Mirror@aussie.zone
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          4 days ago

          Right. It’s like hey I wanna hire you for a job. I’m quite generous so I’m going to offer you $50/hour. And I am also going to pay you 24/7, working, not working, sleeping, doesn’t matter. Then for some reason I’m going to back pay you all the way to year 0. So you’ll get that pay rate for the last 2024 years on the spot.

          You’re still not a billionaire.

          (approx $887,100,984 in case you’re wondering)

  • laverabe@lemmy.world
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    4 days ago

    UnitedHealthcare Group should be in the picture as well, with Andrew Witty $18.8 M (from 2021) 23.5 M last year, according to another commenter.

    Witty is the CEO of the group. Thompson was only CEO of UnitedHealthcare - one of the parent conglomerates’ many subsidiaries.