regence blueshield of washington

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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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 >>

Regence BlueShield Shutting Down Subsidiary After Spending $19.3 Million

Known as Kinetix Living Corporation, Regence purchased the company for $15 million, and spent another $4.3 million trying to keep it alive
October 20, 2011 – Mark Ganz, president and CEO, of The Regence Group had nothing but praise when he announced the purchase of Kinetix Living Corporation last year. Read More >>
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