Blue Shield CEO Bruce Bodaken Earned $4.6 Million Last Year
- 1May 26, '11 by herring_RN Guide[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….
- 0Jun 7, '11 by herring_RN Guidemaybe 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.
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