365NEWSX
365NEWSX
Subscribe

Welcome

Health care CEOs raked in $3.2 billion as pandemic raged - Ars Technica

Health care CEOs raked in $3.2 billion as pandemic raged - Ars Technica

Health care CEOs raked in $3.2 billion as pandemic raged - Ars Technica
Jun 15, 2021 40 secs

Collectively, the 178 CEOs took home $3.2 billion in 2020, according to a new analysis by Axios.

Their median pay rose to $9 million, up from about $7.7 million in 2018 and $8 million in 2019.

The 2019 US median household income was $68,703, according to the US Census Bureau.

Thirty health care CEOs made over $30 million each.

That list includes the CEOs of Regeneron ($174 million), Eli Lilly ($68 million), Teladoc ($45 million), UnitedHealth Group ($42 million), and Quest Diagnostics ($34 million).

The CEOs of six health care conglomerates—Anthem, Centene, Cigna, CVS Health, Humana, and UnitedHealth Group—collectively took in $236 million in 2020.

A record 1.4 million health care workers were laid off or furloughed in April of 2020, according to the US Bureau of Labor Statistics.

Likewise, the for-profit hospital chain Tenet Healthcare received $345 million in taxpayer assistance in the first half of 2020 and furloughed roughly 11,000 workers, according to the Times.

Summarized by 365NEWSX ROBOTS

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED