Jared Short

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.

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.

Dr. Ralph Prows had been chief medical officer for Regence’s four-state region, including Washington, Idaho, Utah and Oregon since September 2010. In that capacity, he led Regence’s medical strategy, maintaining the company’s medical policies and standards while providing oversight to all clinical operations. In September 2004, Prows joined Regence BlueCross BlueShield of Oregon as its medical director.

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

November 10, 2011 – 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.

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