Regence BlueCross BlueShield of Oregon reports strong financial result for 2012
PORTLAND, Ore. – According to unaudited figures filed March 1 with the Oregon Insurance Division, Regence BlueCross BlueShield of Oregon’s 364,623 fully insured members had medical claims totaling $1.56 billion in 2012, or $3,338 per member. Regence paid 84.4 cents of every premium dollar to pay those claims.
Regence BlueCross BlueShield of Oregon is a leading health plan in Oregon, with nearly 750,000 members, offering health, life and dental insurance. Regence BlueCross BlueShield of Oregon is a nonprofit independent licensee of the Blue Cross and Blue Shield Association, and is affiliated with Regence BlueShield of Idaho, Regence BlueCross BlueShield of Utah and Regence BlueShield (selected counties in Washington). Together, the companies serve more than two million members in the Northwest/Intermountain Region. The Regence affiliated companies are committed to improving the health of its members and communities, and to transforming the health care system. For more information, please visit www.regence.com or www.twitter.com/RegenceOregon.