Regence

Insurance Division Fines Regence

400 employees face layoffs by the state’s largest insurer
November 12, 2009 -- Regence BlueCross BlueShield officials are in a world of hurt these days. Not only will the state’s largest health insurer lose 103,000 members to Providence Health Plan in January, but the Oregon Insurance Division has fined the company $5,000. Read More >>

Regence Drops Lawsuit Against PEBB

President Short delivered the news in an email to agents and brokers today
October 15, 2009 -- Jared Short, president of Regence Blue Cross 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. Read More >>

Regence Hikes Medicare Advantage Plans 31 percent

Regence could lose its lead in Medicare Advantage members with its high cost premiums in 2010
October 15, 2009 -- Unlike its competitors, Regence BlueCross BlueShield is asking seniors to pay much higher premiums for their Medicare Advantage plans next year, according to filings submitted to the Centers for Medicare and Medicaid Services. Read More >>

Police Arrest Twelve at Regence

Part of 54 arrests in nine states, Portland demonstrators chose Regence Blue Cross Blue Shield
October 15, 2009 -- Police arrested 12 people today for trespassing outside the Portland headquarters for Regence BlueCross BlueShield of Oregon. The acts of civil disobedience were met by similar direct actions in nine cities across the country organized by Healthcare Now and the Center for the Working Poor. 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 >>

Regence Denied Motion to Suspend PEBB Ruling

State employees currently insured by Regence will switch to Providence plans starting in October
September 14, 2009 -- With just two weeks before state employees can change their health plan provider, circumstances remain unchanged in the decision by the Public Employees Benefit Board to strip Regence BlueCross BlueShield of Oregon as one of their options. Read More >>

Another High-Ranking Regence Official Steps Down

September 9, 2009 -- Dorane Wintermeyer steps down as vice president of the Oregon sales division for Regence BlueCross BlueShield of Oregon on Sept. 30. During the interim, Jared Short, the new president of Regence, will assume those responsibilities. Read More >>

Steve Hooker Steps Down From Regence

September 3, 2009 -- Steve Hooker, CFO of Regence BlueCross BlueShield, will retire at year’s end. With Regence for the past 28 years, he earned $304,641 from the Oregon-based health insurer in 2008. Read More >>

Regence Heads to Court in September

A lawsuit against the state for stripping lucrative state employee contract will get its day in court
August 7, 2009 -- Regence BlueCross BlueShield of Oregon will have its day in court on Sept. 3. That’s when Multnomah County Circuit Court Judge Alisha Fuchs will hear its case and also decide whether to move the venue to Marion County, which is being requested by the state. Originally, the court date had been set for Sept. 12. Read More >>
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