Insurer CEO’s salary rises with the industry
AUSTIN, Texas — For many Americans, the first thing they notice about a company’s compensation is its size.
For insurance companies and other insurance companies in the industry, their stock price is a reflection of how much they make — or how well they can provide coverage.
But for others, it’s the compensation that matters more.
Insurers and other companies in both the health care and financial sectors are being squeezed by rising costs and rising rates, with many of the companies raising their own compensation as well.
The average health care company’s annual compensation is $11.2 million.
The average health insurance company’s is $10.8 million.
A study by the Kaiser Family Foundation found that while some companies’ stock prices increased, those of the industry’s biggest insurers saw their shares fall by 7 percent.
In 2017, the biggest health care companies in total made $1.8 trillion in profits, while the biggest insurers in total lost nearly $1 trillion.
While the healthcare sector is still experiencing a lot of pressure, there are some positives to be had, said Jeff Blevins, the vice president of health policy at the consulting firm Avalere Health.
For example, insurance companies have been paying out more to their employees, and they’re seeing a lot more people using their networks, he said.
And it’s a lot less expensive for the companies to insure individuals and small businesses.
It also means that they’re getting less from consumers.
That could be a benefit to them in terms of revenue.
Blevins said that, for insurers, the health of the company is important to them.
But he said that companies that are seeing a higher cost of coverage for their customers could also benefit financially by cutting back on their employee benefits and by offering better care to their customers.
“In the long run, a higher risk of injury or death in the community is a cost that a company can absorb,” Blevin said.
“If they cut that out, they have a better shot at staying afloat.”
For insurers, there’s one bright spot in all of this.
The health care industry has been a leader in reducing health care costs.
The Centers for Medicare and Medicaid Services said in October that it had reduced its costs for hospitals by $1 billion over the last five years.
And the American Hospital Association has been doing a better job of reducing hospital costs, too.
Avalere Health’s Blevis said that while health insurance companies are in a good place financially, it takes a lot to keep them on top.
“They are not in a very good position financially to be raising the salaries of CEOs,” he said, referring to the salaries paid to executives of the health insurance and financial industries.
A few health insurance CEOs have been raising their compensation as they have had to.
For example, in 2015, former President Barack Obama and his wife, Michelle, received a combined $3.3 million.
But they also have received pay raises for the last few years.
In 2015, they received a $1 million salary raise.
And they also received a 3 percent raise for 2016.
The health insurance industry, which includes health care providers, insurers and others, was a key contributor to President Trump’s reelection bid.
A recent report from the National Bureau of Economic Research showed that health insurance premiums increased nearly 3.7 percent in 2017, while deductibles and co-payments rose 2.4 percent and 2.3 percent, respectively.
While those increases could be temporary, they could be damaging to the industry.
Blevs said that he thinks it’s not just the CEOs who are getting a raise, but also the companies and the employees.
The reason is that health insurers are not only paying for more medical care for their patients, but they’re also providing better care for them.
“When the people are happy and the doctors are happy, there is a much greater return on that investment,” Bravins said.