insurers

Aetna to Increase Profits by Dropping Members

Through premium increases, Aetna realizes it will lose 600,000 members, but that's okay
December 16, 2009 -- Back when it was the largest private health plan in the country, Aetna downsized its membership by millions but boosted profits during an overhaul of its business several years ago. Read More >>

How Private Insurers Stand to Prosper Even More

We still end up with a system that's based on private insurers that have no incentive whatsoever to control costs
December 14, 2009 -- The public option is dead, killed by a handful of senators from small states who are mostly bought off by Big Insurance and Big Pharma or intimidated by these industries' deep pockets and power to run political ads against them. Read More >>

Investments Buoy Oregon Health Insurer Profits

Will gains transfer to lower premiums? Not yet anyway
December 10, 2009 -- Oregon insurers continued reaping the rewards of a positive stock market through much of this year, based on the latest available financial statements filed with the state. Read More >>

Regulators Offer Little Backstop for Premium Hikes

High paid executives and skyrocketing premiums from coast to coast
November 19, 2009 -- New information from a Senate investigation reveals CIGNA, one of the country's largest health insurers, failed to account for $5 billion in premium revenue reported to state regulators. Read More >>

Insurance Division Fines Regence

400 employees face layoffs by the state’s largest insurer
November 12, 2009 -- Regence BlueCross BlueShield officials are in a world of hurt these days. Not only will the state’s largest health insurer lose 103,000 members to Providence Health Plan in January, but the Oregon Insurance Division has fined the company $5,000. Read More >>

Regulators Praised for Tough Stance on Insurers

The Oregon Insurance Division says no exemptions to public disclosure on rate filings
October 27, 2009 -- State regulators at the Oregon Insurance Division are getting the thumbs up from health insurance reform advocates who say they’ve drawn a firm line in the first draft of rules to tighten the way they regulate health insurance premiums. Read More >>

Oregon Insurance Execs Dismiss Public Option

CEOs pin their hopes on value-based health plans that debut next year
October 27, 2009 -- The public option debated in Congress won’t gain any traction with Oregon’s insurance executives who keep comparing the proposal to traditional Medicare, claiming it’s a broken system in need of serious repair. Read More >>

Police Arrest Twelve at Regence

Part of 54 arrests in nine states, Portland demonstrators chose Regence Blue Cross Blue Shield
October 15, 2009 -- Police arrested 12 people today for trespassing outside the Portland headquarters for Regence BlueCross BlueShield of Oregon. The acts of civil disobedience were met by similar direct actions in nine cities across the country organized by Healthcare Now and the Center for the Working Poor. Read More >>

Regence Reduces Employee Benefits, Pension

Faced with declining enrollment, Regence cuts back on benefits and pensions to its employees
September 24, 2009 -- Faced with declining revenues, Regence BlueCross BlueShield of Oregon is trimming back its employee retirement fund. Starting Dec. 31, employees will no longer earn pension dollars, and the plan will be closed to new employees, according to a memo sent by Mark Stimpson, vice president of human resources, on Sept. 22. Read More >>

Congress' Look at Executive Pay Includes Regence

Rep. Henry Waxman wants to know more about executive compensation paid to health insurers
September 17, 2009 -- Regence BlueCross BlueShield is among 52 health plans across the country targeted by Congressman Henry Waxman (D-California) who’s conducting an investigation into the private health insurance industry. Read More >>
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