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.
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.
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.
October 15, 2009 -- Jared Short, president of Regence BlueCross BlueShield of Oregon, announced today the insurer would drop its lawsuit against the Public Employees Benefit Board for terminating its contract for the next two years.
The enrollment loss of some 100,000 members representing $30 million in revenue comes after Regence has insured state employees for more than 20 years. Up until September, Regence had lawyers arguing in court to block PEBB's ruling.