Regence BlueShield

Washington Health Insurance Executives Outdid Their Oregon Counterparts

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Our neighbor to the north doled out millions of dollars to its health insurance executives last year, with the CEOs of Community Health Plan of Washington, Group Health Cooperative, Regence BlueShield and Premera BlueCross walking away with hefty paychecks that included six-figure bonuses in filings submitted to Washington’s Insurance Commissioner.

The major health insurers in Washington state held onto their commanding 2.5 million members in 2013, not including self-funded employers such as Microsoft, Starbucks and Amazon, while doling out millions of dollars to high-ranking executives, and spending $1.5 million on board member compensatio

Regence BlueShield Made Serious Multimillion Dollar Accounting Mistakes

The accounting errors were discovered when the Washington Insurance Commissioner completed a financial exam of Regence and its parent corporation, Cambia Health Solutions, earlier this year

December 11, 2012 -- Regence BlueShield and its parent company Cambia Health Solutions made sloppy mistakes in their reporting practices, sometimes to the tune of millions of dollars, according to a Lund Report review of the insurer’s most recent Washington state financial exam. The examination was completed earlier this year and covers the insurer’s work through the end of 2010. Regence BlueShield is the Washington subsidiary of Portland-based Cambia, which also owns Regence BlueCross BlueShield of Oregon and Blues plans in Utah and Idaho.

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