cambia health solutions

LifeWise Joins Regence in Backing Away From Small Employer Exchange

Providence insists it over-calculated its proposed rates for individuals and is asking the state’s insurance commissioner for permission to adjust those rates
  May 10, 2013 -- Now that the health insurers have shown their hands and announced whether they intend to participate in Oregon’s insurance exchange, it’s clear that Regence BlueCross BlueShield isn’t alone in backing away from the small employer market known as SHOP. That became quite apparent in a memo sent to insurance brokers by LifeWise Health Plan that was obtained by The Lund Report.
 
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Cambia Health Solutions Targets Businesses with Private Health Exchange

The company, which offers insurance through Regence BlueCross BlueShield in Oregon, has launched TailorWell while pulling back from public insurance marketplace
May 8, 2013 -- One of the largest health insurers in the Pacific Northwest has set up a private insurance exchange aimed at enrolling workers at medium-sized businesses, even as it opts to keep its flagship health plans off the public exchanges that will start connecting individuals and small businesses to insurance later this year. Read More >>

Health Net President Chris Ellertson Leads with 86 Percent Salary Increase

Looking at the executive compensation among health insurance executives in 2012, John Stellmon, who retired from Regence last April, was the highest paid, earning $1.8 million, a 537% increase from 2011
  April 17, 2013 – The profit margins of Oregon’s health insurance companies remained razor thin last year, but that didn’t hinder any of their top executives from taking home bigger paychecks.
 
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Cambia/Regence Investment in CoPatient Raises Questions

OSPIRG suggests there’s a potential conflict of interest between an insurer and a company designed to help people find errors and overcharges on their insurance bills
November 21, 2012 -- A potential conflict of interest exists between an organization set up to help people resolve their health insurance bills, known as CoPatient, and the non-profit parent corporation of an insurance company, Cambia Health Solutions which derives its income from the investment portfolio and surpluses of Regence BlueCross BlueShield of Oregon and other Regence plans in Washington, Idaho and Utah. Read More >>

Regence BlueCross BlueShield Invests Millions in For-Profit Ventures

At the same time, the non-profit insurer has been shedding members, having lost more than 650,000 people in the individual and group market in Oregon alone since 2007
July 19, 2012 – Regence BlueCross BlueShield is starting to look more like a for-profit healthcare business – with a dash of venture capital thrown in for good measure.   Read More >>

High-Ranking Executive Leaves Cambia Health Solutions

Dr. Ralph Prows, who left on March 31, had been chief medical officer of the four-state region
April 13, 2012 – Cambia Health Solutions, the parent company of Regence BlueCross
BlueShield of Oregon, has lost one of its top executives.   Read More >>

Regulators Didn’t Question $56 Million Payout by Regence BlueCross BlueShield

Five months before Regence asked for a 22.1 percent rate increase, the insurer paid a $56 million dividend to its holding company; some of those funds were used to launch Sprig Health
When state regulators approved a 12.8 percent rate increase for Regence BlueCross BlueShield earlier this year, they were aware that the insurer had dipped into its surplus account and given a $56 million dividend to its holding company just five months earlier. Read More >>
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