House Grills Health-Insurer CEOs on Sky-High Pay Amid Rising Costs
TL;DR
During a House hearing on health-care affordability, lawmakers pressed five health-insurer CEOs about why pay remains high as customers struggle; CVS Health's David Joyner explained his 2024 compensation was about $17 million (roughly $1.1 million base plus long-term incentives) and said he returned a bonus to a relief fund, while Democrats argued stock options and bonuses can incentivize prioritizing shareholders over patients.
- Congress grills health insurance CEOs over high pay Politico
- Frustration over U.S. health costs erupts at congressional hearing The Washington Post
- Health Insurance CEOs Testify on Health Care Affordability C-SPAN
- Health insurance CEOs grilled on high costs of care in back-to-back House hearings NBC News
- Insurance CEO hearings: Cigna, Elevance won’t rebate exchange members like UnitedHealth Modern Healthcare
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