2024 Health Insurer CEO Pay Ratios and Medicare Advantage Cost Trends

In 2024, health insurance CEOs received compensation packages significantly higher than their median employees, with pay ratios reaching up to 370 to 1. UnitedHealth Group CEO Andrew Witty was the top-paid executive, earning a total of $26.3 million.

Other leaders in the payer segment also disclosed their compensation details as part of recently filed proxy statements. Elevance Health's CFO, Mark Kaye, described Medicare Advantage costs as elevated but manageable in the first quarter of the year, reflecting ongoing cost dynamics in the Medicare Advantage segment.

This analysis offers insights into executive compensation trends within major health insurers and highlights current cost considerations affecting Medicare Advantage plans, relevant for industry compliance and regulatory monitoring.