Blue Shield CEO Bruce Bodaken Earned $4.6 Million Last Year

  1. [color=#930000]may 26, 2011
    for the first time, california's largest nonprofit health insurer has released the salaries of its 10 highest-paid executives in response to a new state law intended to keep healthcare insurance costs under control.

    the top earner at blue shield of california was chief executive bruce bodaken, who made $4.6 million last year-more than four times the salary of his counterpart at the state's largest for-profit insurer, anthem blue cross....,264582.story
  2. 2 Comments

  3. by   dp1200
    Goes to show that for-profit, competitive insurance providers are better at cost-containment than supposed "non-profits", eh?
  4. by   herring_RN
    maybe he was embarrassed into doing something positive?
    [color=#1f5291][color=#1f5291]blue shield of calif. plans net revenue cap, refund

    [color=#1f5291]by gregg blesch
    posted: june 7, 2011 - 12:15 pm et

    blue shield of california, san francisco, has pledged to cap net revenue at 2% and refund $180 million, the sum the company's earnings exceeded that bar in 2010.

    bruce bodaken, the company's chairman and ceo, explained the unusual move as a way to make health insurance more affordable. "we know now that expanding access to coverage is not enough," he said at a news conference.

    blue cross executives said they hope the move inspires other insurers and providers to consider a similar move. "everyone is going to need to do the kind of soul-searching we've done," bodaken said.

    read more: [color=#003399]blue shield of calif. plans net revenue cap, refund - healthcare business news, research, information and opinions | modern healthcare