Premium pay rises for health insurance bosses 'irk' customers

By Heath Aston, Political Correspondent
Updated February 5 2017 - 11:09pm, first published 5:24pm
Former Medibank chief executive George Savvides'  total pay climbed from $1.4 million in 2014 to $2.4 million in 2016. Photo: Wayne Taylor
Former Medibank chief executive George Savvides' total pay climbed from $1.4 million in 2014 to $2.4 million in 2016. Photo: Wayne Taylor
Medibank chief executive Craig Drummond has signed on for a base salary of $1.5 million with incentives that could net him a further $4.5 million. Photo: Joe Armao
Medibank chief executive Craig Drummond has signed on for a base salary of $1.5 million with incentives that could net him a further $4.5 million. Photo: Joe Armao
NIB chief executive Mark Fitzgibbon's total pay packet increased by 95 per cent between 2014 and 2016. Photo: Michele Mossop
NIB chief executive Mark Fitzgibbon's total pay packet increased by 95 per cent between 2014 and 2016. Photo: Michele Mossop

Executive pay packets at Australia's biggest private health insurers have soared at the same time as consumers have endured a succession of above-inflation annual increases in the price of health cover.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Stawell news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.