29 December 2007

Regence Blue Cross of Oregon made $79 Million!

From disclosures Regence provided provided to the Oregon Insurance Division (required by Oregon statute) we know that Regence earned over $79 million dollars in 2006. $79,849,176 to be exact. With $162,971,602 in administrative expenses. Oregon is a relatively small state and Regence is Oregon's largest health insurer with 464,565 members.

You can obtain more information about all the Oregon health insurers from the Oregon Insurance Division.

Thank goodness that money is not going to making people healthier and delivering care!

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