Health insurance leaders were paid up to 392 times more than their respective median employee in 2023, according to recently filed proxy statements with the Securities and Exchange Commission.
The SEC requires public companies to disclose how CEO pay stacks up with the median employee's overall compensation each year.
Payers ranked by CEO-to-worker pay ratios in 2023:
1. CVS Health President and CEO Karen Lynch
CEO to worker pay ratio — 392:1
Annual CEO compensation: $21.6 million
Annual compensation for median employee: $55,237
2. Elevance Health CEO Gail Boudreaux
CEO to worker pay ratio — 389:1
Annual CEO compensation: $21.9 million
Annual compensation for median employee: $56,229
3. UnitedHealth Group CEO Andrew Witty
CEO to worker pay ratio — 352:1
Annual CEO compensation: $23.5 million
Annual compensation for median employee: $66,821
4. Cigna Group CEO David Cordani
CEO to worker pay ratio — 280:1
Annual CEO compensation: $21 million
Annual compensation for median employee: $75,191
5. Molina Healthcare CEO Joseph Zubretsky
CEO to worker pay ratio — 273:1
Annual CEO compensation: $21.5 million
Annual compensation for median employee: $78,620
6. Centene CEO Sarah London
CEO to worker pay ratio — 234:1
Annual CEO compensation: $18.6 million
Annual compensation for median employee: $79,507
7. Humana President and CEO Bruce Broussard
CEO to worker pay ratio — 192:1
Annual CEO compensation: $16.3 million
Annual compensation for median employee: $85,122