Salaries

Regence Executive Salaries in Washington Take a Tumble

Premera Blue Cross executives were the highest paid; their CEO took home $2.2 million in 2009
April 15, 2010 – Compared to their Washington counterparts, Regence officials must be shaking in their boots. Read More >>

Top 10 Highest Paid Oregon Health Insurance Executives

Regence CEO takes a 40 percent pay cut while Clear One Health Plan executives saw their salaries soar last year
March 17, 2010 -- Many of Oregon’s health insurance executives took home lower paychecks last year, and Mark Ganz, CEO of Regence BlueCross BlueShield of Oregon, took the biggest hit. Read More >>

Hospitals, Physicians To Share Millions From Clear One Sale

The sale of for-profit Clear One to PacificSource nets investors big money
February 25, 2010 – Although the sale of Clear One Health Plans by PacificSource Health Plans awaits approval by state regulators, documents filed with the Insurance Division express very clearly who will benefit from the $46 million acquisition: hospitals and physicians. 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 >>

Salem Hospital Faces $9 Million in Cuts, Pays High-Priced Consultants

The hospital’s home health agency might be closed or sold
November 12, 2009 -- When Norman Gruber, CEO of Salem Hospital, sent his staff a memo announcing cutbacks of $9 million next year, he might have unleashed a hailstorm. 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 >>

Executives Should Roll Back Their Salaries

TheLundReport.org makes its first splash on the pages of The Sunday Oregonian
Originally in The Oregonian, Sunday Opinion section
April 19, 2009 -- It's time to call a halt to the excessive salaries and bonuses earned by Oregon health insurance executives. Who gives them the right to draw huge salaries while increasing our insurance premiums and causing more people to forgo health coverage?
Read More >>

Insurance Executives Earn Higher Salaries in 2008

Enrollment and profits fell, yet salaries rose
April 9, 2009 -- Despite these turbulent economic times, the majority of Oregon’s insurance executives took home heftier paychecks last year, while watching their company’s profit margins and enrollment shrink. Read More >>
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