Excellus BlueCross BlueShield profit drops 43% in 2020; See how much it paid top execs
Updated Feb 26, 2021;
The financial results are from a report Excellus filed today with the state.
“No one has ever faced a year like 2020,” Excellus CEO Christopher Booth said in a prepared statement. “The Covid-19 crisis required a strong and comprehensive response to assure our members were able to receive the care they needed and to help assure the health care system itself would survive. The pandemic devastated the economy and sickened tens of thousands of upstate residents.”
Excellus paid Booth $3.25 million, up from $3.21 million in 2019. It paid 130 employees more than $200,000.