Kinetix Living Corporation

Regulators Didn’t Question $56 Million Payout by Regence BlueCross BlueShield

The Lund Report
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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